The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 18 |
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8
II. THE REALITIES OF ZAIBATSU DISSOLUTION—
THE MEASURES TAKEN FOR DISSOLUTION AND
THEIR IMMEDIATE EFFECTS
Dissolution of holding companies and democratic
redistribution of their stocks.
1. Measures taken. It was no wonder that the
Zaibatsu dissolution was commenced with the dissolution of
the Zaibatsus* holding companies and the compulsory
redistribution of stocks held by them and by the Zaibatsu
families themselves.
The Holding Companies Liquidation Committee (hereinafter
referred to as HCLC) whose operation was tightly
supervised by SCAP (Supreme Commander of the Allied Powers)
was created in June, 19^6, by Japanese legislation and
undertook the said dissolution and redistribution. The
holding companies which were ordered to be dissolved were
eighty-three in number, including the super holding
companies of Mitsui, Mitsubishi, Sumitomo, Yasuda, and
Furukawa. Among them were also more than twenty "direct-line
- companies’* tightly controlled by the above four or five
super holding companies. Forty-two of the eighty-three
were completely dissolved, and the remaining forty-one were
allowed to continue their business after all their holding
company characteristics had been effaced.
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| Title | The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 18 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 8 II. THE REALITIES OF ZAIBATSU DISSOLUTION— THE MEASURES TAKEN FOR DISSOLUTION AND THEIR IMMEDIATE EFFECTS Dissolution of holding companies and democratic redistribution of their stocks. 1. Measures taken. It was no wonder that the Zaibatsu dissolution was commenced with the dissolution of the Zaibatsus* holding companies and the compulsory redistribution of stocks held by them and by the Zaibatsu families themselves. The Holding Companies Liquidation Committee (hereinafter referred to as HCLC) whose operation was tightly supervised by SCAP (Supreme Commander of the Allied Powers) was created in June, 19^6, by Japanese legislation and undertook the said dissolution and redistribution. The holding companies which were ordered to be dissolved were eighty-three in number, including the super holding companies of Mitsui, Mitsubishi, Sumitomo, Yasuda, and Furukawa. Among them were also more than twenty "direct-line - companies’* tightly controlled by the above four or five super holding companies. Forty-two of the eighty-three were completely dissolved, and the remaining forty-one were allowed to continue their business after all their holding company characteristics had been effaced. |
