WORLD HISTORY

Detailed explanation-1: -Zaibatsu (, “financial clique") is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period until the end of World War II.

Detailed explanation-2: -Origins of the Keiretsu The creation of keiretsu came after the collapse of family-controlled vertical monopoly groups called the zaibatsu. The zaibatsu flourished during the Meiji government, where they received government support, such as lucrative government contracts and subsidies.

Detailed explanation-3: -By the 1920’s zaibatsu economic power engulfed the sectors of finance, trading and many major large–scale industries. From 1914 to 1929, three zaibatsu (Mitsui, Mitsubishi and Sumitomo) controlled 28% of the total assets of the top 100 Japanese companies.

Detailed explanation-4: -Zaibatsu played a vital part in the economic rise of japan, and they had come to occupy a positian in the japanese economy for which there was no paralleI elsewhere in modem times. Their importance was not limited to the economic sphere, for they had made their influence felt in politics.

Detailed explanation-5: -Zaibatsu is a compound formed by the Japanese words zai, meaning “money” or “wealth, ” and batsu, meaning “clique” or “clan.” The word refers to one of several large capitalist enterprises that developed in Japan after the Meiji Restoration of 1868 and that expanded rapidly during World War I.