The aftermath of the dissolution of Zaibatsus, the Japanese combines: A study of the post-war development of monopoly in Japan. - Page 64 |
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5if
amount of loans of the said hank, and it is interesting to
know that the four Zaibatsu mining companies, the Mitsui,
Mitsubishi, Sumitomo, and Furukawa, monopolized about half
of that k-0 per cent.**"1*
This Reconstruction Finance Bank was then replaced
by the United States Aid Comterfund. The source of the
Corn ter fund was the proceeds of the sales by the government
of United States aid materials to the general public, and
the fund thus obtained was used in two ways, namely, longterm
loans to certain industries and redemption of government
bonds held by the Bank of Japan and commercial banks.
A feature which distinguished the Counterfund from
the Reconstruction Finance Bank was the fact that loans of
the Counterfund were made only to a very limited number of
selected big firms in the priority industries, instead of
the letter’s rather indiscriminate financing.
As for the redemption of government bonds, it
immediately reinforced the ability of the big banks,
especially of Zaibatsu banks, to make loans. By this time
the government had ceased to help directly the recovery of
industry through its subsidies, and this redemption was
achieving the same purpose indirectly by supplementing the
m-rLoc. cit.
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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 64 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 5if amount of loans of the said hank, and it is interesting to know that the four Zaibatsu mining companies, the Mitsui, Mitsubishi, Sumitomo, and Furukawa, monopolized about half of that k-0 per cent.**"1* This Reconstruction Finance Bank was then replaced by the United States Aid Comterfund. The source of the Corn ter fund was the proceeds of the sales by the government of United States aid materials to the general public, and the fund thus obtained was used in two ways, namely, longterm loans to certain industries and redemption of government bonds held by the Bank of Japan and commercial banks. A feature which distinguished the Counterfund from the Reconstruction Finance Bank was the fact that loans of the Counterfund were made only to a very limited number of selected big firms in the priority industries, instead of the letter’s rather indiscriminate financing. As for the redemption of government bonds, it immediately reinforced the ability of the big banks, especially of Zaibatsu banks, to make loans. By this time the government had ceased to help directly the recovery of industry through its subsidies, and this redemption was achieving the same purpose indirectly by supplementing the m-rLoc. cit. |
