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| | zaibatsu - HighBeam Encyclopedia |
 | | Although the Mitsui were powerful bankers under the shogunate, most of the other zaibatsu developed after the Meiji restoration (1868), when, by subsidies and a favorable tax policy, the new government granted them a privileged position in the economic development of Japan. |
 | | In 1937 the four leading zaibatsu controlled directly one third of all bank deposits, one third of all foreign trade, one half of Japan's shipbuilding and maritime shipping, and most of the heavy industries. |
 | | After Japan's surrender (1945) in World War II, the breakup of the zaibatsu was announced as a major aim of the Allied occupation, but in the 1950s and 1960s groups based on the old zaibatsu reemerged as keiretsu. |
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