Zaibatsu Dissolution

Zaibatsu Dissolution was a process in 1945-1949 Japan, where the government broke up large family-owned conglomerates called zaibatsu. These powerful business groups controlled much of the economy, including banks, industries, and trade. Dissolution aimed to promote economic competition, reduce monopolies, and democratize Japan’s economy after World War II. The government dissolved these groups by breaking up their holding companies and encouraging the development of smaller, independent firms. This restructuring helped democratize economic power and foster a more competitive market environment in post-war Japan.