Zaibatsu Disbanding

Zaibatsu disbanding refers to the breakup of large Japanese industrial and financial conglomerates during the Allied-led reforms after World War II. These powerful family-controlled groups, like Mitsubishi and Mitsui, dominated Japan's economy before the war. Disbanding aimed to reduce their influence, promote economic democratization, and foster competition by breaking up their holding companies and redistributing their assets. This process helped democratize Japanese industry, prevent monopolistic control, and encourage smaller businesses to grow, shaping the modern Japanese economy.