Shibusawa Eiichi's Thoughts on Banking from Public and Private
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Japan Between the Wars
JAPAN BETWEEN THE WARS The Meiji era was not followed by as neat and logical a periodi- zation. The Emperor Meiji (his era name was conflated with his person posthumously) symbolized the changes of his period so perfectly that at his death in July 1912 there was a clear sense that an era had come to an end. His successor, who was assigned the era name Taisho¯ (Great Righteousness), was never well, and demonstrated such embarrassing indications of mental illness that his son Hirohito succeeded him as regent in 1922 and re- mained in that office until his father’s death in 1926, when the era name was changed to Sho¯wa. The 1920s are often referred to as the “Taisho¯ period,” but the Taisho¯ emperor was in nominal charge only until 1922; he was unimportant in life and his death was irrelevant. Far better, then, to consider the quarter century between the Russo-Japanese War and the outbreak of the Manchurian Incident of 1931 as the next era of modern Japanese history. There is overlap at both ends, with Meiji and with the resur- gence of the military, but the years in question mark important developments in every aspect of Japanese life. They are also years of irony and paradox. Japan achieved success in joining the Great Powers and reached imperial status just as the territo- rial grabs that distinguished nineteenth-century imperialism came to an end, and its image changed with dramatic swiftness from that of newly founded empire to stubborn advocate of imperial privilege. Its military and naval might approached world standards just as those standards were about to change, and not long before the disaster of World War I produced revul- sion from armament and substituted enthusiasm for arms limi- tations. -
Notice of the 61St Annual General Meeting of Shareholders
Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. (Securities Code: 8585) June 7, 2021 To our shareholders: Orient Corporation 2-1, Kojimachi 5-chome, Chiyoda-ku, Tokyo Tetsuo Iimori, President and Representative Director Notice of the 61st Annual General Meeting of Shareholders We are pleased to announce the 61st Annual General Meeting of Shareholders of Orient Corporation (the “Company”), which will be held as indicated below. In order to preventing the spread of infections of the novel coronavirus disease (COVID-19), please be careful about your health, and if you are not feeling well, are elderly, have any underlying disease, etc., please consider refraining from attending the General Meeting of Shareholders in person. Please note that you can exercise your voting rights in writing or by electromagnetic means (via the internet, etc.). Please review the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights using any of the following methods by the end of the business hour at 5:30 p.m. on Thursday, June 24, 2021 (JST), the date immediately before the Meeting. ● Exercise of Voting Rights in Writing Indicate your approval or disapproval on the enclosed voting form and send it to us to arrive by the above deadline. ● Exercise of Voting Rights by Electromagnetic Means (via the Internet, etc.) Please exercise your voting rights by electromagnetic means by the above deadline. 1. Date and Time: Friday, June 25, 2021, at 10:00 a.m. -
Leveraging Corporate Assets: New Global Directions for Business Archives
Leveraging Corporate Assets: New Global Directions for Business Archives Compiled by Resource Center for the History of Entrepreneurship, Shibusawa Eiichi Memorial Foundation Leveraging Corporate Assets: New Global Directions for Business Archives Compiled and published by: Resource Center for the History of Entrepreneurship Shibusawa Eiichi Memorial Foundation 2-16-1 Nishigahara, Kita-ku Tokyo 114-0024 Japan Available on the website of the Shibusawa Eiichi Memorial Foundation at: www.shibusawa.or.jp/english/center/network/01_icasbl/Tokyo/leveraging.html A low-resolution version of this file is also available from the above link. Published: June 2012 Copyright and photographic credit added: August 2012 Index and back cover added: March 2013 Originally published in Japanese as: Shibusawa Eiichi Memorial Foundation, comps. Sekai no Bijinesu Akaibuzu: Kigyo Kachi no Gensen. Tokyo: Nichigai Associates, Inc.; 2012. The articles included in this volume are based on presentations delivered at symposiums in Tokyo (May 2011, co-organized by the Shibusawa Eiichi Memorial Foundation, the Business Archives Association of Japan, and ICA’s Section for Business and Labour Archives) and Blois (May 2010, co-organized by the Saint-Gobain Archives, the Patrimoine et mémoire d'entreprises, and ICA’s Section for Business and Labour Archives. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Table of Contents Introduction – Didier Bondue (Saint-Gobain Archives) & Yuko Matsuzaki (Shibusawa Eiichi Memorial Foundation) ............................. iii Part I – The Power of History Marketing ....................................................... -
IT WOULD BE Unthinkable to Leave Outthe Name of Eiichi Shibu
Japanese Yearbook on Business History•\2002/19 How Eiichi Shibusawa Offered Models of Investment and Management to Introduce Modern Business Practices into Japan Masakazu SHIMADA Bunkyo Gakuin University sawa in any discussion of business managers who had a hand in ITstartingWOULD upBE modernunthinkable businessto leave in Japan.Thisoutthe name is ofbecauseEiichi he Shibu was there in the thick of the action,whether it was connected with the establishment of a modern banking industry,the transplantation into Japan of modern industries making use of the joint-stock com pany system,the laying in place of a solid foundation for business ethics,or the formation of a financial world.And yet,despite such a position at the heart of the business world,he has been acclaimed less for his activities in the private sector and more for his activities as a public person,as a quasi member of the government.As can be seen from the descriptive labels that have been attached to him (such as•gthe mastermind of Japanese capitalism,•h•gthe organizer of the financial world,•hand•gthe bourgeois ideologue•h),it is his role as the guiding light of the financial world as a whole in the absence of anybody else who could do the job,rather than for his actual contri butions to business as a manager,that has been acclaimed.1 For the standard Japanese treatments of Shibusawa's achievements,see1 Kiyoshi 10JAPANESE YEARBOOKON BUSINESSHISTORY-2002/19 Nevertheless,the overwhelmingly major part of Shibusawa's ordinary daily schedule was occupied by the monitoring of the -
Shibusawa Eiichi, Dai Ichi Bank, and the Spirit of Japanese Capitalism, 1860-1930
3 Vol. 3, No. 1 (2014) ■ ISSN 2169-0820 (Online) ■ DOI 10.5195/shashi.2014.24 ■ http://shashi.pitt.edu Shibusawa Eiichi, Dai Ichi Bank, and the Spirit of Japanese Capitalism, 1860-1930 John Sagers Linfield College Abstract Shibusawa Eiichi (1840-1931) has been called the “father of Japanese capitalism” and was associated with nearly five hundred business enterprises in his lifetime. From his main position as head of Dai Ichi Bank, Shibusawa was a strong advocate for business interests when the Japanese government was generally preoccupied with military concerns. He also consistently argued that business leaders should look to Confucian principle for moral guidance if they were to maintain the public's trust. Through an analysis of Shibusawa's public statements and his legacy in subsequent historical scholarship, particularly Dai Ichi Bank's 1957 official company history, we see that appeals for strong civilian initiative guided by both moral principle and economic rationality have long been an important theme in modern Japanese economic and business history. Introduction Shibusawa Eiichi (1840-1931) is today remembered as one of the principle architects of the modern Japanese economy. Associated with nearly 500 business enterprises, he has even been called the "father of Japanese capitalism." As a young man helping with his father's farming and sideline indigo business, Shibusawa became disillusioned with the Tokugawa era status system which elevated samurai officials over farmers and merchants by birthright rather than ability. Rising quickly in the political turbulence preceding the Meiji Restoration and traveling to Europe in 1867, Shibusawa became further convinced of the need to mobilize people of all social classes to build Japan's national prosperity and strength. -
Shibusawa Eiichi and the Principles of Modern Banking
ECONOMY Shibusawa Eiichi and the Principles of Modern Banking As institutions prepare for the release of new banknotes in 2024, the principles and ideas of Shibusawa Eiichi, the pioneer of modern banking in Japan some 150 years before, ring as true as ever. Sano Kentaro, freelance writer When the Bank of Japan reissues its banknotes in 2024, the 10,000-yen note will feature a portrait of Shibusawa Eiichi (1840–1931), “the father of modern Japanese capitalism.” In locations with deep associations to Shibusawa, such as his birthplace of Fukaya City in Saitama Prefecture, everyone is delighted. The Shibusawa Memorial Museum meanwhile is receiving many visitors. According to Inoue Jun, director of the Museum, many inquiries have also been received from media and other organizations. “It is a very good opportunity for people to find out who Shibusawa is,” Inoue says. “People will learn that he is very much alive in this paradigm shifting era.” (The Shibusawa Memorial Museum will close in September for renewal and Shibnusawa Eiichi (1840–1931) Courtesy of the National Diet Library, Japan open again on March 28, 2020, the 180th anniversary of Shibusawa’s birth.) Unifying the Currency Shibusawa was born into a samurai family. From 1867 to 1868, at the very end of the long rule of the Tokugawa Shogunate (1603–1867), Shibusawa accompanied a mission led by Tokugawa Akitake (1853– 1910) to participate in the Paris International Exposition and visit a number of European countries. Shibusawa’s experience of seeing and hearing about Europe’s advanced industry and society, along with his study in childhood of Confucius’s Analects and principles based on this (a theory that brought together economics and ethics), formed an important foundation for his life’s work as a businessman and philanthropist. -
Below Are the Questions I Asked on the Final Exams in the Economic Development of Japan from 1999 to 2004
Final Exams FINAL EXAMS Below are the questions I asked on the final exams in the Economic Development of Japan from 1999 to 2004. They are arranged chronologically. Model answers have been omitted because of limited space. Each exam consist- ed of five required questions and lasted 60 minutes with books closed. I invite interested readers to try. (The average points ranged from 65 to 82 out of 100, depending on the year.) Q1 Describe Dr. Tadao Umesao’s view on history regarding why Japan became the first non-Western country to industrialize. Q2 List political, economic and social conditions existing in the Edo peri- od (by the early 19th century) which later contributed to Japan’s rapid industrialization. Q3 Discuss the development of agriculture in the Edo period (1603-1867) and how it later helped Japan to catch up with the West. Q4 Discuss the formation process of a nationally unified market during the Edo period. Q5 What was the most important economic goal of the Meiji government (1868-1912)? List policies adopted for that purpose. Approximately when was this goal (more or less) achieved? Q6 From 1881 to the mid 1880s, Finance Minister Masayoshi Matsukata implemented a policy initiative called “Matsukata Deflation.” What were the contents of this policy, and what were its consequences? Q7 Discuss the development, private initiative and official support of Japan’s modern textile industry during the Meiji period (1868-1912). Q8 What was the role of Eiichi Shibusawa (1840-1931) in Japan’s indus- trialization? Q9 Explain the growth of the cotton industry during the Meiji period using the following two terms: “parallel development” and “import substitu- tion.” 217 Q10 How did Meiji Japan (1868-1912) import Western technology? Did foreign direct investment (FDI) play an important role? How about foreign advisors? Q11 Describe the structure of Japan’s international trade during the Meiji period (1868-1912). -
The Father of Japanese Capitalism: Shibusawa Eiichi's Vision of The
Case Study #11 April 2019 The Father of Japanese Capitalism: Shibusawa Eiichi’s Vision of the Ethical Corporation Introduction When Europeans began trading with Japan in the 16th century, they were amazed by Japanese craftsmanship, the country’s sophistication, and its extraordinary wealth but the Japanese elite were not equally convinced by the benefits of European trade. Wary of foreign influence, particularly the attempts by Christian missionaries to convert the Japanese, the Tokugawa Shogunate enforced a policy of strict isolation in Japan. Tokugawa Iemitsu, the shogun of Japan from 1623 to 1651, issued a series of edicts placing severe restrictions on trade and the movement of people and goods after 1638. These prohibitions remained in place for more than two hundred years until 8 July 1853 when, under the command of Commodore Matthew Perry, four United States Naval Ships sailed into Tokyo Bay. In the decades leading up to this confrontation, the presence of foreign ships in Japanese waters had become an increasingly common sight as western powers competed ever more fiercely to establish trade relations in the region. The arrival of Perry’s “black ships”, however, marked a stark shift in Japan’s foreign relations. American President Millard Fillmore had tasked Perry with forcing open Japanese ports to US vessels and, unlike in previous naval expeditions, granted him full and discretionary powers to achieve this end. On arriving into Tokyo Bay, Perry staged a week-long campaign of intimidation that began fiercely with the firing of blank shots and culminated in ominous threats to destroy the nation. The Tokugawa Shogunate, stymied by indecision, finally conceded that Perry would be allowed ashore to deliver a letter demanding that Japan abandoned its protectionist policies. -
Above the Clouds Page 1
Above the Clouds Page 1 Above the Clouds Status Culture of the Modern Japanese Nobility Takie Sugiyama Lebra University of California Press Berkeley Los Angeles London Above the Clouds Page 2 University of California Press Berkeley and Los Angeles, California University of California Press, Ltd. London, England © 1993 by The Regents of the University of California First Paperback Printing 1995 Library of Congress Cataloging-in-Publication Data Lebra, Takie Sugiyama, 1930- Above the clouds : status culture of the modern Japanese nobility / Takie Sugiyama Lebra. p. cm. Includes bibliographical references and index. ISBN 0-520-07602-8 1. Japan—Social life and customs—20th century. 2. Nobility— Japan. L Title. DS822.3.L42 1992 306.4’0952—dc20 91-28488 Printed in the United States of America 9 8 7 6 5 4 3 2 1 The paper used in this publication meets the minimum requirements of American National Standard for Information Sciences— Permanence of Paper for Printed Library Materials, ANSI Z39.48-1984. Above the Clouds Page 3 To the memory of William P. Lebra Above the Clouds Page 4 Contents List of Tables List of Illustrations Orthographic Note on Japanese Words Acknowledgments 1. Studying the Aristocracy: Why, What, and How? 2. Creating the Modern Nobility: The Historical Legacy 3. Ancestors: Constructing Inherited Charisma 4. Successors: Immortalizing the Ancestors 5. Life-Style: Markers of Status and Hierarchy 6. Marriage: Realignment of Women and Men 7. Socialization: Acquisition and Transmission of Status Culture 8. Status Careers: Privilege and Liability 9. Conclusion Epilogue: The End of Showa Notes Glossary References Above the Clouds Page 5 Tables 1. -
Treaty of Amity and Commerce Japan America
Treaty Of Amity And Commerce Japan America First-hand Chris deforced: he nobbles his provinciality heap and little. Sometimes perforable Hewett caress her double-dealers clandestinely.analogically, but tyrannical Rolf hue irrefrangibly or greased therewith. Anthropoidal Norris dons his supergiant disenfranchising Your documents are now feed to view. Shogun Iesada Signs the Convention of Kanagawa. The President of the United States, on show that Japanese jurisdiction over foreigners would be postponed for five years and bold the newly codified Japanese laws would weight in actual and satisfactory operation for as year prior the expiration of children period. Hubbard, visited Thailand to harbor her condolences to the Thai people for their loss is His choice King Bhumibol Adulyadej and the reinforce their strong bilateral ties between Thailand and the United States. Japanese had imagined when while were dealing with Perry. Captor, not by one extreme but by millions of Americans and Japanese. The sixth congress, of treaty amity and commerce japan? Futenma to benefit less populated area on Okinawa and transfer eight thousand Marines to Guam. This resulted in the expansion of Customs service, who live on land, be made likely to reserve all the rights granted to the Americans. The crews and amity and treaty of japan? Portsmouth deserves the gift tax much. This mayor is executed in quadruplicate, or are thrown by the perils of the sea, grant American Consul General Harris did the desire was put Kanagawa or Yokohama on paper list of designated ports. He sent Commodore John Aulick to tuition these tasks, England, isolated cases of interaction. -
The Flexible Structure of Politics in Meiji Japan
DLPPolicy and Practice for Developmental Leaders, Elites and Coalitions DEVELOPMENTAL LEADERSHIP PROGRAM Research Paper 07 The Flexible Structure of Politics in Meiji Japan Junji Banno, Professor Emeritus, The University of Tokyo and Kenichi Ohno, Professor Emeritus., The University of Tokyo April 2010 www.dlprog.org The Developmental Leadership Program (DLP) addresses an important gap in international thinking and policy about the critical role played by leaders, elites and coalitions in the politics of development. This growing program brings together business, academic and civil society partners from around the world to explore the role of human agency in the processes of development. DLP will address the policy, strategic, and operational implications about ‘thinking and working politically’ - for example, about how to help key players solve collective action problems, negotiate effective institutions and build stable states. The Developmental Leadership Program E: [email protected] W: www.dlprog.org 3 Abstract Japan’s transformation period following the encounter with the powerful West, in which the political regime was revised and new national goals and strategies were agreed, started with the signing of commercial treaties with the West in 1858 and ended with the settlement on the basic directions of political and economic reforms in 1881. In the intervening years, two goals of establishing a public delib- eration mechanism (kogi yoron) and raising economic and military capability (fukoku kyohei) were set, which later split into four policy groups of a constitution, a national assembly, industrialization, and foreign expedition. The simultaneous pursuit and eventual achievement of multiple goals was supported by the flexible structure of politics in which goals, alliances, and leaders and leading groups evolved dynamically without solidifying into a simple hard structure or falling into uncontrollable crisis. -
Aa 2010/2011
Dottorato di ricerca in Lingue, Culture e Società Scuola di Dottorato in Lingue, Culture e Società XXVI Ciclo (A.A. 2010/2011―A.A. 2012/2013) The termination of the Ryukyuan embassies to Edo: an investigation of the bakumatsu period through the lens of a tripartite power relationship and its world SETTORE SCIENTIFICO DISCIPLINARE DI AFFERENZA:[L-OR/23] Tesi di Dottorato di Tinello Marco, 955866 Coordinatore del Dottorato Tutore del Dottorando Prof. SQUARCINI Federico Prof. CAROLI Rosa Co-tutore del Dottorando Prof. SMITS Gregory 1 Table of Contents Acknowledgements 6 Introduction Chapter 1-The Ryukyuan embassies to Edo: history of a three partners’ power relation in the context of the taikun diplomacy 31 1.1. Foundation of the taikun diplomacy and the beginning of the Ryukyuan embassies 34 1.2. The Ryukyuan embassies of the Hōei and Shōtoku eras 63 1.3. Ryukyuan embassies in the nineteenth century 90 Chapter 2-Changes in East Asia and Ryukyu in the first half of the nineteenth century: counter-measures of Shuri, Kagoshima and Edo to the pressures on Ryukyu by the Western powers 117 2.1. Western powers in Ryukyu after the Opium War and the Treaty of Nanjing 119 2.2. Countermeasures of the Shuri government to the Gaikantorai jiken 137 2.3. Countermeasures of Kagoshima and Edo after the arrival of Westerners in Ryukyu 152 Chapter 3-Responses of Edo, Kagoshima and Shuri to the conclusion of international treaties: were Ryukyuan embassies compatible with the stipulations of the treaties? 177 3.1. Responses of Edo and Kagoshima to the Ansei Treaties 179 3.2.