After World War II the Americans occupying Japan decided to break up the zaibatsu – the industrial conglomerates which controlled Japan’s economy. The four biggest – Mitsui, Mitsubishi, Sumitomo and Yasuda – controlled a quarter of the country’s economy. In 1946, Konosuke Matsushita, who’d built his own company unlike most of these venerable organisations, was …
Read full article: Matsushita’s Scapegoat