zaibatsu
Noun
Meaning
zaibatsu (plural zaibatsus or zaibatsu)
(economics) A Japanese ‘money clique’ or conglomerate; (by extension) in the United States, any large corporation.
Examples
Additionally, the changing politics of the Occupation during the reverse course served as a crippling, if not terminal, roadblock to zaibatsu elimination.
However, the companies formed from the dismantling of the zaibatsu were later reintegrated.
Matsushita (which later took the name Panasonic), while not a zaibatsu, was originally also targeted for dissolution, but was saved by a petition signed by 15,000 of its unionized workers and their families.
Kishi persuaded the Army to allow the zaibatsu to invest in Manchukuo, arguing that having the state carry out the entire industrialization of Manchukuo was costing too much money.
Kishi pioneered an etatist system where bureaucrats such as himself developed economic plans, which the zaibatsu had to then carry out.
Sixteen zaibatsu were targeted for complete dissolution, and 26 more for reorganization after dissolution.