The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 35 |
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25
June, 19^6, on the ground that, though the principle
involved was correct, measures with lesser destructive
effect upon Japanese economy should be chosen. Q
Remark* In this connection, it may be of interest to the readers to note that the same diary of earlier dates, for instance as early as February of 19^6, only six months after the commencement of Occupation, described the fermenting of an idea in the MacArthur*s headquarters that Zaibatsu should be preserved in order not to throw Japan into economic confusion and drive her consequently to the Communist camp and also not to lose a very promising territory of investment of United States capital.10
The State Department, with people of idealistic
frame of mind still in power, ignored his opposition for
the time being and the result was the presentation of the
United States memorandum, FEC No. 230, to the Far Eastern
Commission. ^ The memorandum proposed to divide the big
business corporations which had made up the Zaibatsus into
smaller units thereby making the recovery of Zaibatsu
impossible. The dissolution of the Zaibatsu holding companies,
and prohibition or restriction of various
^Mark Gayn, Japan Diary, trans. Takeo Imoto (New York: William Sloane Associates, Inc., 19*+8), II, 17.
10Ibid.. I, 10^-105.
^The Far Eastern Commission was created based upon the Moscow Conference Communique issued on December 27» 19^5> to formulate policies for the administration of occupied Japan, and was composed of representatives of the Ua.nSd. Ss.eRv.e,n Uonthietre d coSutnattersi,e s.China, France, United Kingdom,
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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 35 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 25 June, 19^6, on the ground that, though the principle involved was correct, measures with lesser destructive effect upon Japanese economy should be chosen. Q Remark* In this connection, it may be of interest to the readers to note that the same diary of earlier dates, for instance as early as February of 19^6, only six months after the commencement of Occupation, described the fermenting of an idea in the MacArthur*s headquarters that Zaibatsu should be preserved in order not to throw Japan into economic confusion and drive her consequently to the Communist camp and also not to lose a very promising territory of investment of United States capital.10 The State Department, with people of idealistic frame of mind still in power, ignored his opposition for the time being and the result was the presentation of the United States memorandum, FEC No. 230, to the Far Eastern Commission. ^ The memorandum proposed to divide the big business corporations which had made up the Zaibatsus into smaller units thereby making the recovery of Zaibatsu impossible. The dissolution of the Zaibatsu holding companies, and prohibition or restriction of various ^Mark Gayn, Japan Diary, trans. Takeo Imoto (New York: William Sloane Associates, Inc., 19*+8), II, 17. 10Ibid.. I, 10^-105. ^The Far Eastern Commission was created based upon the Moscow Conference Communique issued on December 27» 19^5> to formulate policies for the administration of occupied Japan, and was composed of representatives of the Ua.nSd. Ss.eRv.e,n Uonthietre d coSutnattersi,e s.China, France, United Kingdom, |
