National Diet Library
The National Diet Library is the national library of Japan and among the largest libraries in the world. It was established in 1948 for the purpose of assisting members of the National Diet of Japan in researching matters of public policy; the library is similar in scope to the United States Library of Congress. The National Diet Library consists of two main facilities in Tōkyō and Kyōtō, several other branch libraries throughout Japan; the National Diet Library is the successor of three separate libraries: the library of the House of Peers, the library of the House of Representatives, both of which were established at the creation of Japan's Imperial Diet in 1890. The Diet's power in prewar Japan was limited, its need for information was "correspondingly small"; the original Diet libraries "never developed either the collections or the services which might have made them vital adjuncts of genuinely responsible legislative activity". Until Japan's defeat, the executive had controlled all political documents, depriving the people and the Diet of access to vital information.
The U. S. occupation forces under General Douglas MacArthur deemed reform of the Diet library system to be an important part of the democratization of Japan after its defeat in World War II. In 1946, each house of the Diet formed its own National Diet Library Standing Committee. Hani Gorō, a Marxist historian, imprisoned during the war for thought crimes and had been elected to the House of Councillors after the war, spearheaded the reform efforts. Hani envisioned the new body as "both a'citadel of popular sovereignty'", the means of realizing a "peaceful revolution"; the Occupation officers responsible for overseeing library reforms reported that, although the Occupation was a catalyst for change, local initiative pre-existed the Occupation, the successful reforms were due to dedicated Japanese like Hani. The National Diet Library opened in June 1948 in the present-day State Guest-House with an initial collection of 100,000 volumes; the first Librarian of the Diet Library was the politician Tokujirō Kanamori.
The philosopher Masakazu Nakai served as the first Vice Librarian. In 1949, the NDL became the only national library in Japan. At this time the collection gained an additional million volumes housed in the former National Library in Ueno. In 1961, the NDL opened at its present location in Nagatachō, adjacent to the National Diet. In 1986, the NDL's Annex was completed to accommodate a combined total of 12 million books and periodicals; the Kansai-kan, which opened in October 2002 in the Kansai Science City, has a collection of 6 million items. In May 2002, the NDL opened a new branch, the International Library of Children's Literature, in the former building of the Imperial Library in Ueno; this branch contains some 400,000 items of children's literature from around the world. Though the NDL's original mandate was to be a research library for the National Diet, the general public is the largest consumer of the library's services. In the fiscal year ending March 2004, for example, the library reported more than 250,000 reference inquiries.
As Japan's national library, the NDL collects copies of all publications published in Japan. Moreover, because the NDL serves as a research library for Diet members, their staffs, the general public, it maintains an extensive collection of materials published in foreign languages on a wide range of topics; the NDL has eight major specialized collections: Modern Political and Constitutional History. The Modern Political and Constitutional History Collection comprises some 300,000 items related to Japan's political and legal modernization in the 19th century, including the original document archives of important Japanese statesmen from the latter half of the 19th century and the early 20th century like Itō Hirobumi, Iwakura Tomomi, Sanjō Sanetomi, Mutsu Munemitsu, Terauchi Masatake, other influential figures from the Meiji and Taishō periods; the NDL has an extensive microform collection of some 30 million pages of documents relating to the Occupation of Japan after World War II. This collection include the documents prepared by General Headquarters and the Supreme Commander of the Allied Powers, the Far Eastern Commission, the United States Strategic Bombing Survey Team.
The Laws and Preliminary Records Collection consists of some 170,000 Japanese and 200,000 foreign-language documents concerning proceedings of the National Diet and the legislatures of some 70 foreign countries, the official gazettes, judicial opinions, international treaties pertaining to some 150 foreign countries. The NDL maintains a collection of some 530,000 books and booklets and 2 million microform titles relating to the sciences; these materials include, among other things, foreign doctoral dissertations in the sciences, the proceedings and reports of academic societies, catalogues of technical standards, etc. The NDL has a collection of 440,000 maps of Japan and other countries, including the topographica
The Mitsubishi Bank, Ltd. was a major Japanese bank that served as the main bank for the Mitsubishi conglomerate/keiretsu. It merged with The Bank of Tokyo in 1996 to form The Bank of Tokyo-Mitsubishi; the bank's operations date to 1880, when Mitsubishi group founder Yataro Iwasaki established the Mitsubishi Exchange House in Tokyo. Mitsubishi acquired the business of the Tokyo and Hakodate-based 119th National Bank in 1885, spun this business off to an independent Mitsubishi Bank in 1919; the bank opened branches in London and New York in 1920. During World War II, it was a financier of Japanese interests in Manchuria through its branch in Dalian, opened in 1933. In 1948, the Mitsubishi conglomerate was dismantled and the bank was renamed Chiyoda Bank after the district of the same name in Tokyo; the bank re-opened its London and New York offices. It became a major financier of the regrouped Mitsubishi keiretsu in the following years. Mitsubishi and Dai-Ichi Bank, Japan's oldest bank, began preparations for a merger in 1969, which would have led to a major regrouping in the bank-led keiretsu system of the era.
The plan met opposition among Dai-Ichi's management and its customers in the Furukawa and Kawasaki groups, who feared that Mitsubishi would dominate the combined bank and that their businesses would be absorbed by the strong Mitsubishi group. As a result, the merger was called off. Two years Dai-Ichi merged with Nippon Kangyo Bank to form Dai-Ichi Kangyo Bank. Mitsubishi was known as a conservative lender and was one of the few Japanese banks to emerge from the Japanese asset price bubble unscathed, it acquired the Nippon Trust Bank in 1994. In 1996, it combined with The Bank of Tokyo to form The Bank of Tokyo-Mitsubishi. In addition to its home country of Japan, Mitsubishi was active in California, where it began banking operations in 1972 through Mitsubishi Bank of California. Mitsubishi acquired Bank of California in 1984, which merged with Bank of Tokyo-controlled Union Bank to form what is now known as MUFG Union Bank. Zentaro Kosaka and Japanese foreign minister Makoto Usami, Bank of Japan president
Japan is an island country in East Asia. Located in the Pacific Ocean, it lies off the eastern coast of the Asian continent and stretches from the Sea of Okhotsk in the north to the East China Sea and the Philippine Sea in the south; the kanji that make up Japan's name mean "sun origin", it is called the "Land of the Rising Sun". Japan is a stratovolcanic archipelago consisting of about 6,852 islands; the four largest are Honshu, Hokkaido and Shikoku, which make up about ninety-seven percent of Japan's land area and are referred to as home islands. The country is divided into 47 prefectures in eight regions, with Hokkaido being the northernmost prefecture and Okinawa being the southernmost one; the population of 127 million is the world's tenth largest. 90.7 % of people live in cities. About 13.8 million people live in the capital of Japan. The Greater Tokyo Area is the most populous metropolitan area in the world with over 38 million people. Archaeological research indicates; the first written mention of Japan is in Chinese history texts from the 1st century AD.
Influence from other regions China, followed by periods of isolation from Western Europe, has characterized Japan's history. From the 12th century until 1868, Japan was ruled by successive feudal military shōguns who ruled in the name of the Emperor. Japan entered into a long period of isolation in the early 17th century, ended in 1853 when a United States fleet pressured Japan to open to the West. After nearly two decades of internal conflict and insurrection, the Imperial Court regained its political power in 1868 through the help of several clans from Chōshū and Satsuma – and the Empire of Japan was established. In the late 19th and early 20th centuries, victories in the First Sino-Japanese War, the Russo-Japanese War and World War I allowed Japan to expand its empire during a period of increasing militarism; the Second Sino-Japanese War of 1937 expanded into part of World War II in 1941, which came to an end in 1945 following the Japanese surrender. Since adopting its revised constitution on May 3, 1947, during the occupation led by SCAP, the sovereign state of Japan has maintained a unitary parliamentary constitutional monarchy with an Emperor and an elected legislature called the National Diet.
Japan is a member of the ASEAN Plus mechanism, UN, the OECD, the G7, the G8, the G20, is considered a great power. Its economy is the world's third-largest by nominal GDP and the fourth-largest by purchasing power parity, it is the world's fourth-largest exporter and fourth-largest importer. Japan benefits from a skilled and educated workforce. Although it has renounced its right to declare war, Japan maintains a modern military with the world's eighth-largest military budget, used for self-defense and peacekeeping roles. Japan is a developed country with a high standard of living and Human Development Index, its population enjoys the highest life expectancy and third lowest infant mortality rate in the world, but is experiencing issues due to an aging population and low birthrate. Japan is renowned for its historical and extensive cinema, influential music industry, video gaming, rich cuisine and its major contributions to science and modern technology; the Japanese word for Japan is 日本, pronounced Nihon or Nippon and means "the origin of the sun".
The character nichi means "sun" or "day". The compound therefore means "origin of the sun" and is the source of the popular Western epithet "Land of the Rising Sun"; the earliest record of the name Nihon appears in the Chinese historical records of the Tang dynasty, the Old Book of Tang. At the end of the seventh century, a delegation from Japan requested that Nihon be used as the name of their country; this name may have its origin in a letter sent in 607 and recorded in the official history of the Sui dynasty. Prince Shōtoku, the Regent of Japan, sent a mission to China with a letter in which he called himself "the Emperor of the Land where the Sun rises"; the message said: "Here, I, the emperor of the country where the sun rises, send a letter to the emperor of the country where the sun sets. How are you". Prior to the adoption of Nihon, other terms such as Yamato and Wakoku were used; the term Wa is a homophone of Wo 倭, used by the Chinese as a designation for the Japanese as early as the third century Three Kingdoms period.
Another form of Wa, Wei in Chinese) was used for an early state in Japan called Nakoku during the Han dynasty. However, the Japanese disliked some connotation of Wa 倭, it was therefore replaced with the substitute character Wa, meaning "togetherness, harmony"; the English word Japan derives from the historical Chinese pronunciation of 日本. The Old Mandarin or early Wu Chinese pronunciation of Japan was recorded by Marco Polo as Cipangu. In modern Shanghainese, a Wu dialect, the pronunciation of characters 日本; the old Malay word for Japan, Japun or Japang, was borrowed from a southern coastal Chinese dialect Fukienese or Ningpo – and this Malay word was encountered by Portuguese traders in Southeast Asia in the 16th century. These Early Portuguese traders brought the word
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include corporate bonds; the bond is a debt security, under which the issuer owes the holders a debt and is obliged to pay them interest or to repay the principal at a date, termed the maturity date. Interest is payable at fixed intervals; the bond is negotiable, that is, the ownership of the instrument can be transferred in the secondary market. This means that once the transfer agents at the bank medallion stamp the bond, it is liquid on the secondary market, thus a bond is a form of loan or IOU: the holder of the bond is the lender, the issuer of the bond is the borrower, the coupon is the interest. Bonds provide the borrower with external funds to finance long-term investments, or, in the case of government bonds, to finance current expenditure. Certificates of deposit or short-term commercial paper are considered to be money market instruments and not bonds: the main difference is the length of the term of the instrument.
Bonds and stocks are both securities, but the major difference between the two is that stockholders have an equity stake in a company, whereas bondholders have a creditor stake in the company. Being a creditor, bondholders have priority over stockholders; this means they will be repaid in advance of stockholders, but will rank behind secured creditors, in the event of bankruptcy. Another difference is that bonds have a defined term, or maturity, after which the bond is redeemed, whereas stocks remain outstanding indefinitely. An exception is an irredeemable bond, such as a consol, a perpetuity, that is, a bond with no maturity. In English, the word "bond" relates to the etymology of "bind". In the sense "instrument binding one to pay a sum to another", use of the word "bond" dates from at least the 1590s. Bonds are issued by public authorities, credit institutions and supranational institutions in the primary markets; the most common process for issuing bonds is through underwriting. When a bond issue is underwritten, one or more securities firms or banks, forming a syndicate, buy the entire issue of bonds from the issuer and re-sell them to investors.
The security firm takes the risk of being unable to sell on the issue to end investors. Primary issuance is arranged by bookrunners who arrange the bond issue, have direct contact with investors and act as advisers to the bond issuer in terms of timing and price of the bond issue; the bookrunner is listed first among all underwriters participating in the issuance in the tombstone ads used to announce bonds to the public. The bookrunners' willingness to underwrite must be discussed prior to any decision on the terms of the bond issue as there may be limited demand for the bonds. In contrast, government bonds are issued in an auction. In some cases, both members of the public and banks may bid for bonds. In other cases, only market makers may bid for bonds; the overall rate of return on the bond depends on the price paid. The terms of the bond, such as the coupon, are fixed in advance and the price is determined by the market. In the case of an underwritten bond, the underwriters will charge a fee for underwriting.
An alternative process for bond issuance, used for smaller issues and avoids this cost, is the private placement bond. Bonds sold directly to buyers may not be tradeable in the bond market. An alternative practice of issuance was for the borrowing government authority to issue bonds over a period of time at a fixed price, with volumes sold on a particular day dependent on market conditions; this was called a tap bond tap. Nominal, par, or face amount is the amount on which the issuer pays interest, which, most has to be repaid at the end of the term; some structured bonds can have a redemption amount, different from the face amount and can be linked to the performance of particular assets. The issuer has to repay the nominal amount on the maturity date; as long as all due payments have been made, the issuer has no further obligations to the bond holders after the maturity date. The length of time until the maturity date is referred to as the term or tenor or maturity of a bond; the maturity can be any length of time, although debt securities with a term of less than one year are designated money market instruments rather than bonds.
Most bonds have a term of up to 30 years. Some bonds have been issued with terms of 50 years or more, there have been some issues with no maturity date. In the market for United States Treasury securities, there are three categories of bond maturities: short term: maturities between one and five years; the coupon is the interest rate. This rate is fixed throughout the life of the bond, it can vary with a money market index, such as LIBOR, or it can be more exotic. The name "coupon" arose because in the past, paper bond certificates were issued which had coupons attached to them, one for each interest payment. On the due dates the bondholder would hand in the coupon to a bank in exchange for the interest payment. Interest can be paid at different frequencies: semi-annual, i.e. every 6 months, or annual. The yield is the rate of return received from investing in the bond, it refers either to The current yield, or running yield
Mitsui Group is one of the largest keiretsu in Japan and one of the largest corporate groups in the world. The major companies of the group include Co.. Sumitomo Mitsui Banking Corporation, Sapporo Breweries, Toray Industries, Mitsui Chemicals, Isetan Mitsukoshi Holdings, Sumitomo Mitsui Trust Holdings, Mitsui Engineering & Shipbuilding, Mitsui O. S. K. Lines and Mitsui Fudosan. Founded by Mitsui Takatoshi, the fourth son of a shopkeeper in Matsusaka, in what is now today's Mie prefecture. From his shop, called Echigoya, Mitsui Takatoshi's father sold miso and ran a pawn shop business; the family would open a second shop in Edo. Takatoshi moved to Edo when he was 14 years old, his older brother joined him. Sent back to Matsutaka by his brother, Takatoshi waited for 24 years until his older brother died before he could take over the family shop, Echigoya, he opened a new branch in 1673. This genesis of Mitsui's business history began in the Enpō era, a nengō meaning "Prolonged Wealth". In time, the gofukuya division separated from Mitsui, is now called Mitsukoshi.
Traditionally, gofukuyas provided. The system of accountancy was called "margin transaction". Mitsui changed this by producing products first selling them directly at his shop for cash. At the time, this was an unfamiliar mode of operation in Japan; as the shop began providing dry goods to the government of the city of Edo, cash sales were not yet a widespread business practice. At about this time, Edo's government had struck a business deal with Osaka. Osaka would sell other material to pay its land tax; the money was sent to Edo—but moving money was dangerous in middle feudal Japan. In 1683 the shogunate granted permission for money exchanges to be established in Edo; the Mitsui "exchange shops" mitigated that known risk. After the Meiji Restoration, Mitsui was among the enterprises that were able to expand to become zaibatsu not because they were big and rich at the start of modern industrial development. Firms like Mitsui and Sumitomo were led by non-family managers such as Minomura Rizaemon, who guided the business by forecasting the coming political and economic situations, by acquaintance with high-ranking government officials or politicians, bold investment.
Mitsui's main business in the early period were drapery and trade, the first two being the businesses it inherited from the Tokugawa Era. It entered into mining because it acquired a mine as collateral from the loan it had made, because it could buy a mine cheaply from the government, Mitsui diversified to become the biggest business in pre-war Japan; the diversification was made into related fields to take advantage of accumulated capabilities. On July 1, 1876, Mitsui Bank, Japan's first private bank, was founded with Takashi Masuda as its president. Mitsui Bank, which following a merger with Taiyō-Kobe Bank in the mid 1980s became part of Sakura Bank, survives as part of the Sumitomo Mitsui Banking Corporation. During the early 20th century, Mitsui was one of the largest zaibatsu, operating in numerous fields. Mitsui Bank became the holding company of the Mitsui zaibatsu from 1876, it was joined as an ultimate parent company by Mitsui & Co. and Mitsui Mining in 1900, with various industrial concerns owned by various combinations of these companies and their subsidiaries.
Mitsui invested in maritime transportation to support its trading activities as well as invest in passenger transportation, first with the creation in 1878 of Osaka Shosen Kaisha, merged with Mitsui Steamship in 1964, to become Mitsui OSK Lines, today one of the largest ocean shipping groups in the world. When the United Kingdom withdrew from the gold standard in 1931, during the height of the Great Depression, Mitsui Bank and Mitsui & Co. were found to have speculated around the transaction. This raised a political furor in Japan and resulted in the assassination of Mitsui executive Takuma Dan; as part of the Japanese plans for the exploitation of China, during the 1930s and'40s the subsidiary tobacco industry of Mitsui had started production of special "Golden Bat" cigarettes using the then-popular in the Far East trademark. Their circulation was used only for export. Local Japanese secret service under the controversial Imperial Japanese Army General Kenji Doihara had the control of their distribution in China and Manchuria where the production exported.
Within the mouthpiece were small discreet doses of opium or heroin, millions of unsuspecting consumers became addicted to these narcotics, while huge profits were created for the company. The mastermind of the plan, was prosecuted and convicted for war crimes before the International Military Tribunal for the Far East, sentenced to death. According to testimony presented at the Tokyo War Crimes trials in 1948, the revenue from the narcotization policy in China, including Manchukuo, was estimated in 20 million to 30 million yen per year, while another authority stated that the annual revenue was estimated by the Japanese military at US$300 million a year. During the Second World War, Mitsui employed American prisoners of war as slave laborers, some
Kyoto Kyoto City, is the capital city of Kyoto Prefecture, located in the Kansai region of Japan. It is best known in Japanese history for being the former Imperial capital of Japan for more than one thousand years, as well as a major part of the Kyoto-Osaka-Kobe metropolitan area. In Japanese, Kyoto was called Kyō, Miyako, or Kyō no Miyako. In the 11th century, the city was renamed Kyoto, from the Chinese calligraphic, jingdu. After the city of Edo was renamed Tokyo in 1868, the seat of the Emperor was moved there, Kyoto was for a short time known as Saikyō. Kyoto is sometimes called the thousand-year capital; the National Diet never passed any law designating a capital. Foreign spellings for the city's name have included Kioto and Meaco, utilised by Dutch cartographers. Another term used to refer to the city in the pre-modern period was Keishi, meaning "urba" or "capital". Ample archaeological evidence suggests human settlement in Kyoto began as early as the Paleolithic period, although not much published material is retained about human activity in the area before the 6th century, around which time the Shimogamo Shrine is believed to have been established.
During the 8th century, when powerful Buddhist clergy became involved in the affairs of the Imperial government, Emperor Kanmu chose to relocate the capital in order to distance it from the clerical establishment in Nara. His last choice for the site was the village of Uda, in the Kadono district of Yamashiro Province; the new city, Heian-kyō, a scaled replica of the Tang capital Chang'an, became the seat of Japan's imperial court in 794, beginning the Heian period of Japanese history. Although military rulers established their governments either in Kyoto or in other cities such as Kamakura and Edo, Kyoto remained Japan's capital until the transfer of the imperial court to Tokyo in 1869 at the time of the Imperial Restoration; the city suffered extensive destruction in the Ōnin War of 1467–1477, did not recover until the mid-16th century. During the Ōnin War, the shugo collapsed, power was divided among the military families. Battles between samurai factions spilled into the streets, came to involve the court nobility and religious factions as well.
Nobles' mansions were transformed into fortresses, deep trenches dug throughout the city for defense and as firebreaks, numerous buildings burned. The city has not seen such widespread destruction since. In the late 16th century, Toyotomi Hideyoshi reconstructed the city by building new streets to double the number of north-south streets in central Kyoto, creating rectangle blocks superseding ancient square blocks. Hideyoshi built earthwork walls called odoi encircling the city. Teramachi Street in central Kyoto is a Buddhist temple quarter where Hideyoshi gathered temples in the city. Throughout the Edo period, the economy of the city flourished as one of three major cities in Japan, the others being Osaka and Edo; the Hamaguri rebellion of 1864 burnt down 28,000 houses in the city which showed the rebels' dissatisfaction towards the Tokugawa Shogunate. The subsequent move of the Emperor to Tokyo in 1869 weakened the economy; the modern city of Kyoto was formed on April 1, 1889. The construction of Lake Biwa Canal in 1890 was one measure taken to revive the city.
The population of the city exceeded one million in 1932. There was some consideration by the United States of targeting Kyoto with an atomic bomb at the end of World War II because, as an intellectual center of Japan, it had a population large enough to persuade the emperor to surrender. In the end, at the insistence of Henry L. Stimson, Secretary of War in the Roosevelt and Truman administrations, the city was removed from the list of targets and replaced by Nagasaki; the city was spared from conventional bombing as well, although small-scale air raids did result in casualties. As a result, the Imperial City of Kyoto is one of the few Japanese cities that still have an abundance of prewar buildings, such as the traditional townhouses known as machiya. However, modernization is continually breaking down the traditional Kyoto in favor of newer architecture, such as the Kyōto Station complex. Kyoto became a city designated by government ordinance on September 1, 1956. In 1997, Kyoto hosted the conference.
Kyoto is located in a valley, part of the Yamashiro Basin, in the eastern part of the mountainous region known as the Tamba highlands. The Yamashiro Basin is surrounded on three sides by mountains known as Higashiyama and Nishiyama, with a height just above 1,000 metres above sea level; this interior positioning results in cold winters. There are three rivers in the basin, the Ujigawa to the south, the Katsuragawa to the west, the Kamogawa to the east. Kyoto City takes up 17.9% of the land in the prefecture with an area of 827.9 square kilometres. The original city was arranged in accordance with traditional Chinese feng shui following the model of the ancient Chinese capital of Chang'an; the Imperial Palace faced south. The streets in the modern-day wards of Nakagyō, Shimogyō, Kamigyō-ku still follow a grid pattern. Today, the main business district is located to the south of the old Imperial Palace, with the less-populated northern area retaining a fa