Economy

Economy

Sunday, May 1 1921: Eno-Den Railway acquired

1921 (Taisho 10) Sunday, May 1 Tokyo Dento, known to have been founded by Eichi SHIBUSAWA, purchased Yokohama Denki on the same day. As a result, the Enoshima Electric Railway Department (so-called Enoden), which had been managed by Yokohama Electric, came under the umbrella of Tokyo Dento. The number of passengers transported by Enoden, which became the Enoshima Line under the jurisdiction of the Katase Sub-Branch Office of the Yokohama Branch Office of Tokyo Dento, is rapidly increasing at this time, reflecting an increase in the local population. The number of passengers transported by 1921 (Taisho 10) increased to 1,613,000, and by 1925 (Taisho 14) after the Great Kanto Earthquake...

Economy

Saturday, April 30 1921: Dainippon Beer Hakata Plant

1921 (Taisho 10) Saturday, April 30 Completion of construction of Dainippon Beer Co., Ltd.’s Hakata Plant (Current Asahi Breweries Hakata Factory). With three brands of Ebisu, Sapporo, and Asahi, Dainippon Breweries was the biggest at the time. There were speculations that the contracted price of 55 sen with Kirin and Kabuto would be lowered by 20% due to a decrease in demand caused by the postwar recession. The president is “Beer king of Japan” Kyohei MAGOSHI. 1906 (Meiji 39) Three companies of Nippon Beer (President Kyohei Magoshi), Sapporo Beer (President Shibusawa Eiichi), and Osaka Beer (President Torii Komakichi) were merged to establish Dainippon Beer Co., Ltd., and Magoshi assumed the...

Economy

Friday, April 22 1921: Another Commercial Bank go broke

1921 (Taisho 10) Friday, April 22 A promissory note of 15000 yen by Senoo Commercial Bank in Okubo-cho, Tokyo Prefecture was dishonored. Depositors rush into the bank due to a sudden shutdown. The deposit of 150,000 yen in public money in Okubo-cho became complicated. Later, a fraudulent loan of 500,000 yen to Jiro TAKAGI, a senior managing director of Japanese-English entertainment company, which was led by Inosuke SENOO, a senior managing director of the bank, was revealed. More than a year has passed since the post-war depression that began with the stock market crash on March 15 of the previous year, but financial unrest has not subsided and banks have...

Economy

Thursday, April 14, 1921: Mitsui will cut off 300 employees.

On Thursday, April 14, 1921, it was reported that Mitsui ordered 300 employees to stay at home because of the deepening post-war depression. This is 7.5% of the total 4,000 employees. The company subpoenaed 1/3 of U.S. branch employees and abolished special allowances, reducing salaries by 2 to 30%. The number of new graduates hired has been reduced from last year to just under 10. Mitsubishi also has 15 new graduates. It is becoming increasingly difficult for university graduates to find jobs. Yoshizuka Koichi, author of this blog, joined Mitsui as a new graduate in 1996, and at that time there were 160 people in her class. In 2020, it...

Economy

unday, April 10, 1921: Okuragumi’s vice president, Shigekuro KADONO

On Sunday, April 10, 1921, Tokyo Nichinichi Newspaper reported a rumor that Okuragumi’s vice president, Shigekuro KADONO, who was the president of Okura civil engineering (current Taisei Corp.) was going to be appointed as ambassador to China. Kadono was the second son of Watari KADONO, chief retainer of the former Toba Domain. He graduated from Keio University with a degree in engineering from Imperial University and worked for Pennsylvania Railway in the United States. Later, in 1897, he got acquainted with Kihachiro OKURA and joined Okura Gumi, and worked as a branch manager of London for a long time. In 1909, he became the vice president of Okura group and...

Economy

Friday, April 8, 1921: Tokuo Watanabe and Eichi Shibusawa

On Friday, April 8, 1921, Tokyo Nichinichi Newspaper reported on Tokuo Watanabe, who runs Eichi Shibusawa’s private company (Shibuya Family Company). Watanabe is a dormitory for students from Saitama, established by Shibusawa, as an early student to make them into friends. After working for Daiichi Bank managed by Shibusawa for more than 10 years, he became a manager. Later, he became a steward and a senior managing director of the Shibusawa family. Tokyo Nichinichi Newspaper 1921.4.8 Morning edition “Tokuo WATANABE, who was the manager of Daiichi Bank, recently became the senior managing director of Shibusawa Dozoku Company and went to Shibusawa office in Kabutocho every day to supervise the business...

Economy

Wednesday, March 30, 1921: Calling for better treatment of retail employees

On Wednesday, March 30, 1921, an editorial calling for better treatment of retail employees appeared in the Tokyo Nichinichi Shimbun. While the labor movement was gaining momentum in the Taisho era and the treatment of factory workers was improving, the retail industry was still treated poorly as an extension of the old ways of apprenticeship. Many stores did not even have regulations on closing hours and days off, and long working hours were common. The above is an article from the Tokyo Nichinichi Shimbun, and it shows that even in the Taisho era, when the labor movement was in full swing, the retail industry was still largely the same as...

Economy

Monday, March 28, 1921: Made in Nippon

Monday, March 28, 1921: It is reported that the U.S. Department of the Treasury will no longer clear goods marked “Made in Nippon” among Japanese exports to the United States. The name of origin will be unified as “Made in Japan”. Until then, both “Nippon” and “Japan” were used for Japanese exports. The U.S. Customs authorities have notified us that the change will take effect on September 1. The term “Made in Nippon” is unfamiliar to us today, but I was surprised to learn that at the time, there was quite a mix of “Made in Japan” and “Made in Nippon. However, I was surprised to find out that there...

Economy

Sunday, March 27, 1921: The right of the eldest daughter to be educated.

Sunday, March 27, 1921: Letter to the Tokyo Asahi Shimbun regarding the right of the eldest daughter to be educated. The birth rate in Japan peaked in 1920. It was normal for every family to have about seven brothers and sisters. Among them, the eldest daughter was often expected to take care of her younger brothers and sisters and was deprived of the opportunity to receive education herself. This article predicted that Japan’s birthrate would decline in the future due to the emphasis on education.

Economy

Friday, March 25, 1921: Raita Fujiyama

On Friday, March 25, 1921, the Tokyo Nichinichi Shimbun reported that Raita Fujiyama had started making Imari ware as a hobby. Fujiyama was born in Saga domain and was a businessman directly descended from Yukichi Fukuzawa. He was appointed to Mitsui Bank by Hikojiro Nakagami. Later, he became independent and managed Fujiyama Conglomerate, including Dainippon Sugar Co. At the time, he was the third president of the Tokyo Chamber of Commerce, following Eiichi Shibusawa and Takeyoshi Nakano.