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Pacific War and Banks Why did Japan have a “reckless war” (Kodansha Gendai Shinsho)

Photo of Pacific War and Banks Why did Japan have a “reckless war” (Kodansha Gendai Shinsho)

・If it's 6 months or 1 year, you can fight with “what you have now,” and it's a military power match. However, when it comes to 2 or 3 years, they “fight while making,” and the battle degenerates into a game of economic strength (p26)

・Whether there are resources or not in a long-term total war, the production (flow) of added value must be increased anyway, and the remainder of the added value produced that was consumed to maintain people's lives and import resources is used to carry out the war (p39)

・In the Battle of Mariana in Showa 19/6, which can also be called a decisive battle between aircraft carrier task forces, the Navy lost 3 ships out of 9 aircraft carriers that were sortied, and nearly 90% of the 378 funds out of 439 aircraft periods, but they suffered a major defeat with almost no damage to the United States. Saipan Island also fell the following month, and the Tojo Hideki Cabinet fell, and in November, B29 air raids on mainland Japan began based there (p61)

・The Army challenged a decisive battle against the US military that invaded Leyte in the Philippines in October, the Navy also introduced almost all remaining military forces into the Philippine area, there was no way to take the overwhelming amount of US military supplies ahead, part of the Army unit withdrew from mania early in Showa 20 New Year and moved to expectations, and the headquarters were planning arms enhancement reforms based on the premise of a decisive battle on the mainland (p61)

・Both the US and British armies were planning landing operations in southern Kyushu in November 1945 and the southern Kanto region in March of the following year. In particular, the landing in South Kanto was aimed at conquering Tokyo, making it virtually impossible for Japan to continue the war under the centralized system (p64)

・In a situation where the battle was taking place right in front of the mainland, there was no military order or military government, and military order and military government were integrated in order to make it possible for each region to continue fighting as an independent unit even when the center was fought, but military orders took precedence over military administration (p64)

・Stalin called Japan an invader country in his speech on Russian Revolution Day in November 1944, military strength in the Far East was increased from late Showa 20/2, and on 4/5, the Soviet government notified that the “Japan-Soviet Neutrality Treaty” would be annulled in Showa 21/4 (p71)

・Gold exchange of Bank of Japan notes was suspended by royal decree in Showa 6/12, and with the promulgation of the Bank of Japan Act in Showa 17/2, Japan legally broke away from the gold standard system. Japan procured 171 tons of gold in the mainland, 169 tons in Korea, and 103 tons of recycling between Showa 12 and 20 (p80) Japan ignored profitability and made efforts to produce money, but after Showa 18, it declined due to labor shortages (p160)

・There was a feeling that Germany's defeat after the Normandy landings in 1944/6 became the prescribed route, and even on the Eastern Front, the Soviet army called “Operation Bagration,” began a large-scale structure to push back from the Parco Three Countries to Ukraine, and the Normandy Landing is famous as the biggest operation in history, but Operation Bacration is larger in terms of scale, and Italy, which left the Triple Alliance in October 1943 Declared war on Germany (p103)

・The market price of gold in China swelled 45 times or more in about 1 year before the end of the war, but it plummeted to about 1/20 compared to May in the month following the end of the war, and of course, the sale of gold bullion by Japan immediately after the end of the war must have encouraged a decline in market prices, and in fact 95% (497.8 billion yen out of 522.8 billion yen) of Japan's war expenses borrowed through foreign banks were instantaneously settled by the sale of gold (p159)

・Wartime government bonds went through summoning and refinancing into new government bonds, and the refunded government bonds were also redeemed in 1972, and the government borrowed from foreign treasury banks and regular money banks during the war, and this was not repaid, in other words, they could not be repaid, so they could not be repaid, and even now they remain as a loan balance of 41.4 billion yen for old temporary military expenses (p252)

・The Japan Long-Term Credit Bank contributed greatly to the industry by providing capital investment funds during the code growth period, but real estate loans during the bubble period became bad debts and management stalled, and after nationalization and sale to foreign investment associations, it changed its name to Shinsei Bank in 2000/6, converted to an ordinary bank in 2004/4, became a subsidiary of SBI Holdings in 2021/12, and became a subsidiary of SBI Shinsei Bank in 2023/1 The name has been changed (p254)

・Was the Yokohama Seikin Bank a special bank specializing in trade finance and foreign exchange? Overseas assets were lost due to the end of the war, and normal business could not continue, and it changed to a regular bank. The Bank of Tokyo was established in 1946/12 based on accounts that separate non-performing assets and unproductive debts, the Bank of Tokyo increased its presence on the international financial stage along with Japan's economic growth as a bank specializing in foreign exchange, merged with the Bank of Mitsubishi in 1996/4, and the current name is Bank of Mitsubishi UFJ (254)

・Japan's position at the time the Bank for International Settlements (BIS) was established was obtained by military power as a victorious country in the First World War, and Japan after the war returned to the international finance stage again using economic strength as food. Japan was the only participant from outside of Europe and the United States in the 10-country finance ministers and central bank governors meeting established in 1962/10, which joined the International Monetary Fund (IMF) and the World Bank in 1952, and Japan acquired BIS shares in 1970 and returned to a member country in 1994, however, he is an “elected director” with a term of 3 years selected from central bank governors in the investing country, and is not the “competent director” as it used to be (260)

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