
Shibusawa Eiichi
Japanese business magnate (1840–1931)
Shibusawa Eiichi, 1st Viscount Shibusawa (渋沢 栄一; 16 March 1840 – 11 November 1931) was a Japanese business magnate widely known today as the "Father of Japanese capitalism", having introduced Western capitalism to Japan after the Meiji Restoration. He introduced many economic reforms including use of double-entry accounting, joint-stock corporations and modern note-issuing banks.2
From Wikipedia’s article on Shibusawa Eiichi (this version), CC BY-SA 4.0.
Born Mar 16, 1840, died Nov 11, 1931.1
About
He founded the first modern bank based on joint stock ownership in Japan. The bank was aptly named The First National Bank (Dai Ichi Kokuritsu Ginkō, now merged into Mizuho Bank) and had the power to issue its own notes. Through this bank, he founded hundreds of other joint stock corporations in Japan. Many of these companies still survive to this day as quoted companies in the Tokyo Stock Exchange, which Shibusawa also founded. The Japanese Chamber of Commerce and Industry was founded by him as well. He was also involved in the foundation of many hospitals, schools, universities (including the first women's university), the Imperial Hotel in Tokyo and charitable organizations including the Japanese Red Cross Society.
Another notable aspect of Shibusawa's career is that, despite being the founder of hundreds of corporations, he refused to maintain a controlling stake in these corporations, effectively preventing himself from forming a zaibatsu. What is known as the Shibusawa zaibatsu was a holding company to look after his estate for his family. The Shibusawa Zaibatsu did not hold any controlling stake in any companies. Despite his humble origin as a farmer, he was granted the title of Viscount, while all other zaibatsu founders were awarded the title of Baron. He was also awarded Shōnii, Second Honour under the ritsuryō rank system, which is usually given to high-ranking nobility and prime ministers.
Shibusawa is featured on the 10,000 yen note, one of the new designs that went into circulation on 3 July 2024. Shibusawa was also printed on bank notes issued by the Korea First Bank, which he owned, in 1902. The choice of Shibusawa has previously been criticised in South Korea.
From Wikipedia’s article on Shibusawa Eiichi, shared under CC BY-SA 4.0.2
Companies
- Imperial HotelFounder13
- Den'en ToshiFounder14
- Shibusawa zaibatsuFounder15
Career
Occupation: politician, banker, entrepreneur, businessperson, economist.8
- 1890 to 1891Member of the House of Peers7
- Date not recordedWorked at Nishogakusha University3
- Date not recordedWorked at Tokyo Rope Manufacturing3
- Date not recordedWorked at Dai Nippon Beer3
- Date not recordedWorked at Toyobo3
- Date not recordedWorked at Tokyo Chamber of Commerce and Industry3
- Date not recordedWorked at Imperial Theatre3
- Date not recordedWorked at Oriental Development Company3
- Date not recordedWorked at Oki Electric Industry3
- Date not recordedWorked at Nissan Chemical3
- Date not recordedWorked at Dai-Nippon Sugar3
- Date not recordedWorked at Japan Brick Manufacturing3
More of their career (11)
- Date not recordedWorked at Oji Holdings3
- Date not recordedWorked at Daiichi Bank3
- Date not recordedWorked at Tokyo Gas3
- Date not recordedWorked at Nippon Railway3
- Date not recordedWorked at IHI Corporation3
- Date not recordedWorked at Shibusawa Warehouse3
- Date not recordedWorked at Tōkyō Dentō Kabushiki Kaisha3
- Date not recordedWorked at Tokyo Tatemono3
- Date not recordedFounded Shibusawa zaibatsu4
- Date not recordedFounded Den'en Toshi5
- Date not recordedFounded Imperial Hotel6
Personal life
Philanthropy
During the period of the Late Ottoman genocides, Shibusawa chaired the Armenian Relief Committee of Japan in Tokyo, helping to save the lives of hundreds of Armenian and Greek refugees. Through his efforts, several Japanese newspapers published articles on the subject, spreading awareness and urging individuals to donate and assist however they could.
Shibusawa and the Japanese people managed to gather donations totaling approximately ¥20,000 ($9,569 in 1922; inflation-adjusted roughly $200,000+ in 2026) to help Armenian and Greek victims.
From Wikipedia’s article on Shibusawa Eiichi (this version), CC BY-SA 4.0.
Awards
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataShibusawa Eiichi on Wikidata
- 2WikipediaShibusawa Eiichi on Wikipedia
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- 13WikidataImperial Hotel, Founder
- 14WikidataDen'en Toshi, Founder
- 15WikidataShibusawa zaibatsu, Founder
- 16Wikimedia CommonsShibusawa Eiichi photo by Unknown photographer, Public domain