The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 37 |
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27
resulted in a report recommending to make Japan the factory
of the Far East, and also the sending of a committee,
headed by Roy S. Campbell, to Japan for the purpose of
making recommendations on “Elimination of Excessive Concentration
of Economic Power,“ paved the way for further
liberation of restrictions so far placed on re-formation of
Zaibatsus. The said committee headed by Campbell recommended
to allow the Japanese government to set free the
major operating concerns once designated for division under
the Law of Elimination of Excessive Economic Power Concen-tration.
IP^ (As the result, out of 325 corporations
designated for division under the law, only eleven were
eventually broken down into smaller units. No financial
institution was included in the eleven.1^)
The determination that no bank or any other financial
institution should be broken down under the law indicated
that the forces, indigenous and abroad, against the
restraint of development of monopoly and, in particular, of
Zaibatsus finally won the game. Why the financial
institution was of such crucial importance in this matter
will be explored in the next chapter.
12Higuchi, oj>. cit., pp. 3-11.
^Usami, oj>. cit.. p. H-6.
v
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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 37 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 27 resulted in a report recommending to make Japan the factory of the Far East, and also the sending of a committee, headed by Roy S. Campbell, to Japan for the purpose of making recommendations on “Elimination of Excessive Concentration of Economic Power,“ paved the way for further liberation of restrictions so far placed on re-formation of Zaibatsus. The said committee headed by Campbell recommended to allow the Japanese government to set free the major operating concerns once designated for division under the Law of Elimination of Excessive Economic Power Concen-tration. IP^ (As the result, out of 325 corporations designated for division under the law, only eleven were eventually broken down into smaller units. No financial institution was included in the eleven.1^) The determination that no bank or any other financial institution should be broken down under the law indicated that the forces, indigenous and abroad, against the restraint of development of monopoly and, in particular, of Zaibatsus finally won the game. Why the financial institution was of such crucial importance in this matter will be explored in the next chapter. 12Higuchi, oj>. cit., pp. 3-11. ^Usami, oj>. cit.. p. H-6. v |
