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-12-
Government, nor the Imperial Household, paid for the stock-which
suggests the possibility that the Zaibatsu, in exchange for the
right to sit in on the whole credit structure of the country and
its official finances, gave to the Government and the Imperial
Household 2/3 of the stock.
In 1939, 6 families owned 53% of the 38 largest banks, and
since 1940 the private banks in Japan have been reduced from 245
to now less than 80, most of which are controlled either directly
or indirectly by the Zaibatsu. In the Japan Industrial Bank-a
owned about 50% of the stock.
supposedly official or quasi-official institution-12 family groups
When you look abroad to the external expansion of Japan, it
is discovered that Zaibatsu investments proceeded apace with the
arms of Japan, or preceded them.
In Korea, the large combines owned 83% of all Japanese in-
vestments.
In Manchuria there were 201 Zaibatsu companies, and 11 non-
Zaibatsu.
The economic penetration of Manchuria, by the Zaibatsu, did
not begin lately nor does the record indicate that it was forced
by the Military. Mitsui, Mitsubishi, and others began their in-
vestments in the So. Man. R.R., as early as 1907, and the So. Man-
churian R.R., as is well-known, was itself the holding company
for reaching out into every line of business and endeavor in Man-
churia and North China. Of the 85 companies owned or run or "in-
vested" by the So. Manchurian R.R., the time of entrance into more
than half of them was prior to 1931. With the formation of the
cial of the Mitsui interests became President.
Central China as well as the No. China Dev. Cos. in 1937, an offi-
the concerned, the Zaibatsu investments are in the same category as
It is thus our conclusion that as far as foreign assets are
the Japanese Govt. investments, and no one will surely that
had foreign countries. Moreover the Zaibatsu these periods
Govt. of Japan should be compensated for its investments urge in
reported, the money they used would seem to manipulation be the money of the
grants, subsidies, and tax exemptions and which are
immense profits returned to themselves, during and by virtue of
Japanese people.
amount cern reported of for instance the receipt of exemptions, than four times the
On the matter of grants, subsidies, tax one con-
money as an outright grant in 1944 more than they paid as
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Document data
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DTO data
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Context sent to Scholar
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Page context
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"ocrText": "-12-\nGovernment, nor the Imperial Household, paid for the stock-which\nsuggests the possibility that the Zaibatsu, in exchange for the\nright to sit in on the whole credit structure of the country and\nits official finances, gave to the Government and the Imperial\nHousehold 2/3 of the stock.\nIn 1939, 6 families owned 53% of the 38 largest banks, and\nsince 1940 the private banks in Japan have been reduced from 245\nto now less than 80, most of which are controlled either directly\nor indirectly by the Zaibatsu. In the Japan Industrial Bank-a\nowned about 50% of the stock.\nsupposedly official or quasi-official institution-12 family groups\nWhen you look abroad to the external expansion of Japan, it\nis discovered that Zaibatsu investments proceeded apace with the\narms of Japan, or preceded them.\nIn Korea, the large combines owned 83% of all Japanese in-\nvestments.\nIn Manchuria there were 201 Zaibatsu companies, and 11 non-\nZaibatsu.\nThe economic penetration of Manchuria, by the Zaibatsu, did\nnot begin lately nor does the record indicate that it was forced\nby the Military. Mitsui, Mitsubishi, and others began their in-\nvestments in the So. Man. R.R., as early as 1907, and the So. Man-\nchurian R.R., as is well-known, was itself the holding company\nfor reaching out into every line of business and endeavor in Man-\nchuria and North China. Of the 85 companies owned or run or \"in-\nvested\" by the So. Manchurian R.R., the time of entrance into more\nthan half of them was prior to 1931. With the formation of the\ncial of the Mitsui interests became President.\nCentral China as well as the No. China Dev. Cos. in 1937, an offi-\nthe concerned, the Zaibatsu investments are in the same category as\nIt is thus our conclusion that as far as foreign assets are\nthe Japanese Govt. investments, and no one will surely that\nhad foreign countries. Moreover the Zaibatsu these periods\nGovt. of Japan should be compensated for its investments urge in\nreported, the money they used would seem to manipulation be the money of the\ngrants, subsidies, and tax exemptions and which are\nimmense profits returned to themselves, during and by virtue of\nJapanese people.\namount cern reported of for instance the receipt of exemptions, than four times the\nOn the matter of grants, subsidies, tax one con-\nmoney as an outright grant in 1944 more than they paid as"
}