The Yasuda zaibatsu was a Japanese financial conglomerate built around Yasuda Bank, founded in 1880 by entrepreneur Yasuda Zenjiro, who had begun his career in money-changing before amassing capital through financial dealings in the 1860s. Owned and managed by the Yasuda clan, it expanded into insurance and banking through the absorption of other financial institutions and ranked among the four major zaibatsu of Imperial Japan, standing as the third-largest by capital, encompassing 66 companies, by 1928. Zenjiro was assassinated in 1921 after refusing a donation demand from an ultra-nationalist, and the conglomerate was dissolved by Allied occupation authorities at the end of World War II in 1945, later re-forming without Yasuda family control as the Fuyo Group keiretsu; Yoko Ono is a great-granddaughter of Yasuda Zenjiro.
Facts
Company Type Founded Year Sources
1. Wikipedia: Yasuda zaibatsu
Origins
forming the Yasuda Bank (later known as the Fuji Bank) in 1880
Lead sentence
a financial conglomerate owned and managed by the Yasuda clan
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