1. JSC Business Week 2 Session 2 Sep. 30 2009 Zaibatsu( 財閥 ) Business tycoons Doyoung Park Osaka Gakuin University

2. Last Session Review Unique family system of Japan Family house as a company Affiliation rather than the blood relationship Householder and functional members Loyalty and reward Loyal employees and long-established business

3. Osaka People

4. Unique Character of Osaka People Sense of Humor and Comedy Context Two Historical Factors Osaka – Traditional business metropolis Free from serious samurai culture

6. Merchants’ Metropolis Edo New center of early modern economy Growing market Kyoto Conventional market Center of the traditional culture Osaka Supply outpost Kitchen of Japan

7. Poor Daimyo and Rich Merchants Daimyo bankruptcy Sankinkodai, Tenkafushin Luxurious life Daimyo’s dept From merchants in the three cities(Edo, Kyoto, Osaka) Default status Poor local prefecture Closing country Shogunal monopoly of international trade

8. Shogunal expense Enormous money to maintain the shogunate Ohoku( 大奥 ) women for shogun 1000-3000 Concubines and female servants Average salary for concubines was 20 million yen

9. 大奥

10. Tokugawa Yoshimune’s Reform 徳川吉宗 (1684 － 1751 ）

11. Merchants over samurai

12. 5min Break

13. Powerful Business Tycoons Mitusi( 三井 )

14. Echigoya 17C

15. Mitsukoshi Department Store

16. Mitsui Group Est. in 1876, Mitsui Bank and Mitsui & Co. Originated from the kimono shop, 1673 Echigoya － Mitsukoshi Finance company In Kyoto for the shogunate Biggest Zaibatsu before WWII Shrunken by GHQ

17. Zaibatsu( 財閥 ) A Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed for control over significant parts of the Japanese economy from the Meiji period until the end of the Pacific War Konzern Officially abolished but still exists Mitsui( 三井 ) Group Mitsubishi( 三菱 ) Group Sumitomo( 住友 ) Group

18. Mitsubishi

19. Mitsubishi Zero Fighter

20. BMW

21. Messerschmitt Me-262A

22. Mitsubishi-Battleship Yamato

23. Mitsubishi television

24. Nikon

25. Mitsubishi Tokyo UFJ Bank

26. Three Famous Zaibatsu Mitsubishi 42 companies Mitsui 78 companies Sumitomo 36 companies

27. Zaibatsu Impact Zaibatsu became an Asian business model

28. Hyundai

29. Black Panther

30. Hyundai- Chaebol(Zaibatsu) shipyard Insurance company

31. Zaibatsu Traditional type of Japanese enterprise Parent company and subsidiary companies Monopoly Close relationship with politics Family owned Apparently abolished by GHQ after the war Virtually still exists Holdings,Co., LTD