Friday, July 26, 2024

Japan's new banknote celebrates maverick venture capital pioneer Eiichi Shibusawa

Good news!

"Eiichi Shibusawa, known as “the father of Japanese capitalism,” will grace Japan's 10,000 yen note from 2024 [as of July 3], when a new series of banknotes will come into circulation. ..."

"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." (Wikipedia)

Japan's new banknote celebrates maverick venture capital pioneer - Nikkei Asia From currency to potato chips, Eiichi Shibusawa is a fitting hero for tumultuous times



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