The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 21 |
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11
enough to sustain their living in the post-war devastated
economy, and their labor unions were very cool to this
policy of democratizing Japanese economy.^ Further,
through the ensuing period of depressed securities market,
many of those who had purchased the stocks sold them. As
the result, the considerable portion of the said 30 per
cent must be considered as having gone to the hands of the
higher and wealthier officers of the companies more or less
connected with the former Zaibatsu companies, or somehow
gone right back to the original owners. Purchase by such
officers appears to have often been made under the disguise
of purchase by qualified employees.
The second problem is the real whereabouts of the
rest of the stocks (70 per cent) sold to the general
public. The biggest buyers of such stocks in this category
were the insurance companies (the biggest ones among them
were those belonging to the former Zaibatsus) and the
security dealers. In this connection it is to be noted
that there developed a practice of security dealers to hold
stocks for the customers anonymously in exchange for
certificates, which was no doubt fully utilized by
Zaibatsus to collect the once dispersed stocks back.
^Ibid.. p. bO.
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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 21 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 11 enough to sustain their living in the post-war devastated economy, and their labor unions were very cool to this policy of democratizing Japanese economy.^ Further, through the ensuing period of depressed securities market, many of those who had purchased the stocks sold them. As the result, the considerable portion of the said 30 per cent must be considered as having gone to the hands of the higher and wealthier officers of the companies more or less connected with the former Zaibatsu companies, or somehow gone right back to the original owners. Purchase by such officers appears to have often been made under the disguise of purchase by qualified employees. The second problem is the real whereabouts of the rest of the stocks (70 per cent) sold to the general public. The biggest buyers of such stocks in this category were the insurance companies (the biggest ones among them were those belonging to the former Zaibatsus) and the security dealers. In this connection it is to be noted that there developed a practice of security dealers to hold stocks for the customers anonymously in exchange for certificates, which was no doubt fully utilized by Zaibatsus to collect the once dispersed stocks back. ^Ibid.. p. bO. |
