CHRONOLOGY

1979

Second Oil Crisis delays response to the end of Manchuria II Allfinanz + Tax Policy Reform launch delayed to 1985

 

GLOSSARY

Allfinanz

universal banking

post War German banking model adopted by Japan as was in the mid 1980s

megabank

the three large banks formed in Allfinanz Reform

Mizuho FG, MUFG and SMFG grouped from the then seven leading banks etc

bancassurance

banking + assurance

Continental European pattern of universal banking Allfinanz cf Allfinanz

BTMU

Bank of Tokyo Mitsubishi UFJ

three bank merger under the MUFG megabank umbrella in Allfinanz Reform

bunrishugi

separation principle

compartmentalised financial institution regulation continued within Allfinanz

Dai-ichi Kangyo Bank

DKB ichikan keiretsu

Dai-ichi + Nippon Kangyo merged 1971 and tidied away into Mizuho cf Allfinanz

FHC

Financial Holding Company

revolutionary umbrella vehicle for universalising megabanks cf Allfinanz

Fuji Bank

previously Yasuda Bank fuyo keiretsu

DKB, Fuji and IBJ banks and keiretsu tidied away into Mizuho cf Allfinanz

kachigumi

winning group

successful leaders in any process of change as MUFG in Allfinanz vs makegumi

kokusaku

national policy

irrefutable justification for bureaucrat fiat viz Allfinanz Reform producing MUFG

MUFG

Mitsubishi UFJ Financial Group

the strongest megabank emerging from Allfinanz Reform vs Mizuho FG, SMFG

nihonban bigguban

Japan's Big Bang

liberalisations + Allfinanz Reform in pipeline as overstated by PM Hashimoto

sarakin

unsecured consumer loans sarariman kinyu

problematic business, now better regulated and tidied away in Allfinanz Reform

toshi ginko

prior city banks

major commercial banks now in Allfinanz consolidation cf megabank

Trust Banks

TBs shintaku ginko

investment manager regulatory status in decline as result of Allfinanz Reform

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