World Library  
Flag as Inappropriate
Email this Article

Yasuda zaibatsu

Article Id: WHEBN0001211160
Reproduction Date:

Title: Yasuda zaibatsu  
Author: World Heritage Encyclopedia
Language: English
Subject: Zaibatsu, Keiretsu, Yoko Ono, Kataoka Nizaemon, Meiji Yasuda Life
Collection: Companies of Japan, Conglomerate Companies of Japan, Yoko Ono
Publisher: World Heritage Encyclopedia

Yasuda zaibatsu

Yasuda zaibatsu (安田財閥) was a financial conglomerate owned and managed by the Yasuda clan. One of the four major zaibatsu of Imperial Japan, it was founded by the entrepreneur Yasuda Zenjirō. It was dissolved at the end of World War II.


  • Origins 1
  • 20th century 2
  • Dissolution 3
  • Present day 4
  • See also 5
  • References 6
  • External links 7


Yasuda Zenjirō moved to Edo at the age of 17 and began working in a money changing house.[1] In 1863, he started providing tax-farming services, and greatly magnified his wealth by buying up depreciated Meiji paper money that the government subsequently exchanged for gold.[2] He quickly began to amass newly available capital, establishing the Third National Bank in 1876 and forming the Yasuda Bank (later known as the Fuji Bank) in 1880, the center of the Yasuda zaibatsu.

Yasuda consolidated his empire in banking and finance, specializing in backing small and medium-sized traders and industrialists. In 1880, Yasuda founded the Yasuda Mutual Life Insurance Company[3] (now Meiji Yasuda Life Insurance). In 1893, the Yasuda zaibatsu absorbed the Tokyo Fire Insurance Company, later renamed the Yasuda Fire and Marine Insurance Company.[4]

20th century

The Yasuda focus on banking was narrowed by the merger of eleven Yasuda-controlled banks into the Yasuda Bank in 1913. The post-merger bank was by far the largest of all the zaibatsu banks.[2]

Yasuda Zenjirō was assassinated in 1921 when he refused to make a financial donation to an ultra-nationalist.[5] Zenjirō's son, Zennosuke Yasuda, assumed leadership of the zaibatsu. By 1928, the Yasuda zaibatsu was ranked behind only the Mitsui and Mitsubishi groups in total capital. In that year, the Yasuda zaibatsu encompassed 66 companies and reported total capital of ¥308 million.

During World War II, the Japanese government began forcing consolidation of major financial institutions. In January 1942, Hajime Yasuda, the head of the conglomerate, announced that all Yasuda family members would withdraw from related and subsidiary companies, assuming new leadership positions as board members over all zaibatsu concerns.


Following Japan's defeat in August 1945, Hajime Yasuda and Yasuda executives assumed a leadership role in planning for the dissolution of their own group. The "Yasuda plan" was submitted in October 1945 and stipulated that the Yasuda zaibatsu would be dissolved and that Yasuda Bank would cease to control Yasuda subsidiaries. In addition, family members and executives appointed by them would resign from all Yasuda companies. The Yasuda Plan, with some revisions, was accepted by the U.S. government in November of that year.[6]

Present day

Artist Yoko Ono, the wife of musician John Lennon, is a daughter of the Yasuda clan.[7] She is the granddaughter of Yasuda Zenjiro.[8]

See also


  1. ^ "Yasuda, Zenjiro". 2004. 
  2. ^ a b Morck, Randall; Nakamura, Masao (2004-07-14). "A Frog in a Well Knows Nothing of the Ocean: A History of Corporate Ownership in Japan" (PDF). 
  3. ^ Dominici, Gandolfo (2003). "From Business System to Supply Chain and Production in Japan" (PDF). p. 13. 
  4. ^ "The Yasuda Fire and Marine Insurance Company, Limited". Retrieved 2008-04-20. 
  5. ^ Melville, Ian (1999). Marketing in Japan. Elsevier. p. 9.  
  6. ^ Sumiya, Mikio. (2000). p. 157A History of Japanese Trade and Industry Policy,.
  7. ^ Norman, Philip (2009). , p. 471John Lennon: The Life.
  8. ^ Norman, p. 470.

External links

  • "The Yasuda Mutual Life Insurance Company - Company Profile, Information, Business Description, History, Background Information on The Yasuda Mutual Life Insurance Company". Retrieved 2008-04-16. 
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.