World Library  
Flag as Inappropriate
Email this Article

Fuyo Group

Article Id: WHEBN0003652983
Reproduction Date:

Title: Fuyo Group  
Author: World Heritage Encyclopedia
Language: English
Subject: Keiretsu, Yasuda zaibatsu, Mizuho Financial Group, Columbia Law School Center for Japanese Legal Studies, Keikyu
Collection: Keiretsu
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Fuyo Group

Fuyo Group (芙蓉グループ Fuyō Gurūpu) is a Japanese keiretsu descended from the Yasuda zaibatsu, a major business grouping in Japan up to World War II. In 1948, Yasuda was dismantled, with its key financial arm Yasuda Bank becoming Fuji Bank.[1]

The modern Fuyo Group was first developed in the early 1960s around Marubeni and Fuji Bank, paralleling the development of the DKB Group and Sanwa Group. Fuji Bank orchestrated the merger of Marubeni with Takashimaya in 1955 in order to create a strong trading company partner for Fuji's customers.[2] Group presidents began meeting regularly in 1964. Unlike the keiretsu that developed from the Mitsubishi, Mitsui and Sumitomo zaibatsu remnants, the Fuyo Group was intended to be open to other businesses as well as legacy zaibatsu businesses.[1]

Fuji Bank merged with Dai-Ichi Kangyo Bank and Industrial Bank of Japan in 2000 to form Mizuho Financial Group. Following the merger, the Fuyo Group became centered on Marubeni, Yasuda Life Insurance and Yasuda Fire & Marine Insurance (now Sompo Japan).[1]

Fuyo is Japanese for "lotus" and is also used as an alternative name for Mount Fuji, the tallest mountain in Japan and the namesake for Fuji Bank.[1]

Companies

References

  1. ^ a b c d 丸山, 隆平 (2011-05-16). "企業グループ研究「芙蓉編」 旧安田財閥とビートルズとの関係って?!". Retrieved 22 April 2014. 
  2. ^ Suzuki, Shinichi (2006). The Japanese Main Bank System: A Transaction Cost Approach. ProQuest. pp. 108–109. 
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.