JSC Business Week 2 Session 2 Sep Zaibatsu( 財閥 ) Business tycoons Doyoung Park Osaka Gakuin University

Last Session Review Unique family system of Japan Family house as a company Affiliation rather than the blood relationship Householder and functional members Loyalty and reward Loyal employees and long-established business

Osaka People

Unique Character of Osaka People Sense of Humor and Comedy Context Two Historical Factors Osaka – Traditional business metropolis Free from serious samurai culture

Merchants’ Metropolis Edo New center of early modern economy Growing market Kyoto Conventional market Center of the traditional culture Osaka Supply outpost Kitchen of Japan

Poor Daimyo and Rich Merchants Daimyo bankruptcy Sankinkodai, Tenkafushin Luxurious life Daimyo’s dept From merchants in the three cities(Edo, Kyoto, Osaka) Default status Poor local prefecture Closing country Shogunal monopoly of international trade

Shogunal expense Enormous money to maintain the shogunate Ohoku( 大奥 ) women for shogun Concubines and female servants Average salary for concubines was 20 million yen

大奥

Tokugawa Yoshimune’s Reform 徳川吉宗 (1684 － 1751 ）

Merchants over samurai

5min Break

Powerful Business Tycoons Mitusi( 三井 )

Echigoya 17C

Mitsukoshi Department Store

Mitsui Group Est. in 1876, Mitsui Bank and Mitsui & Co. Originated from the kimono shop, 1673 Echigoya － Mitsukoshi Finance company In Kyoto for the shogunate Biggest Zaibatsu before WWII Shrunken by GHQ

Zaibatsu( 財閥 ) A Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed for control over significant parts of the Japanese economy from the Meiji period until the end of the Pacific War Konzern Officially abolished but still exists Mitsui( 三井 ) Group Mitsubishi( 三菱 ) Group Sumitomo( 住友 ) Group

Mitsubishi

Mitsubishi Zero Fighter

BMW

Messerschmitt Me-262A

Mitsubishi-Battleship Yamato

Mitsubishi television

Nikon

Mitsubishi Tokyo UFJ Bank

Three Famous Zaibatsu Mitsubishi 42 companies Mitsui 78 companies Sumitomo 36 companies

Zaibatsu Impact Zaibatsu became an Asian business model

Hyundai

Black Panther

Hyundai- Chaebol(Zaibatsu) shipyard Insurance company

Zaibatsu Traditional type of Japanese enterprise Parent company and subsidiary companies Monopoly Close relationship with politics Family owned Apparently abolished by GHQ after the war Virtually still exists Holdings,Co., LTD