Updated: Aug 20, 2021

A family-controlled vertically integrated cartel of industrial and financial business that existed in Japan before World War II. Although the zaibatsu were officially dissolved in 1946, the three largest ones, Mitsui, Mitsubishi, and Sumitomo, gave rise to the respective enterprise groups which retained, to a certain extent, control over economic activity and contributed to the economic growth of Japan after the war.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.