The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 22 |
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12
(Of interest is the fact that no positive attempt was ever
made to eliminate this loophole.^
In the later course of events the weight of shareholding
fcy banks and investment trust companies increased,
and also there developed a practice of operating companies
in related fields to hold shares of each other. Through
these later developments, Zaibatsus were gradually
approaching their former position of predominance in the
field of shareholding. However, these developments are
more properly dealt with in later chapters, and here it
may suffice to point out two factors which worked unfavorably
with the avowed purpose of the program of dissolving
Zaibatsu through redistribution of stocks. The one is the
well-recognized fact that the minority control is more
easily achievable as the stocks are more widely distributed,
and the other is the fact that the significance and importance
of the control through shareholding has been less in
the re-formation of Zaibatsu than it was in the original
Zaibatsu formation, as will be analyzed in detail later.
These two factors had no doubt worked toward decreasing the
effect of the democratic redistribution of shares.
kSeijiro Usami, Monopolistic Capital of Japan (Tokyo: Shin Hyoron-sha Company, Ltd., 195377 pp. 1+5-1+6.
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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 22 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 12 (Of interest is the fact that no positive attempt was ever made to eliminate this loophole.^ In the later course of events the weight of shareholding fcy banks and investment trust companies increased, and also there developed a practice of operating companies in related fields to hold shares of each other. Through these later developments, Zaibatsus were gradually approaching their former position of predominance in the field of shareholding. However, these developments are more properly dealt with in later chapters, and here it may suffice to point out two factors which worked unfavorably with the avowed purpose of the program of dissolving Zaibatsu through redistribution of stocks. The one is the well-recognized fact that the minority control is more easily achievable as the stocks are more widely distributed, and the other is the fact that the significance and importance of the control through shareholding has been less in the re-formation of Zaibatsu than it was in the original Zaibatsu formation, as will be analyzed in detail later. These two factors had no doubt worked toward decreasing the effect of the democratic redistribution of shares. kSeijiro Usami, Monopolistic Capital of Japan (Tokyo: Shin Hyoron-sha Company, Ltd., 195377 pp. 1+5-1+6. |
