財閥、金融ビッグバン、グラス・スティーガル法
[1]
* Japan relaxed Japanese competition law in 1996, and allowed Holding company again.
This is a revival of Zaibatsu.
This is called "Japanese Big Bang".
* "The U.S. Gramm–Leach–Bliley Act" repealed part of the "Glass–Steagall Act of 1933".
This made Zaibatsu in the U.S.
The U.S. colludes with Japan and the U.S. too makes Zaibatsu.
* Ronald Reagan - Yasuhiro Nakasone - Margaret Thatcher is the beginning of these fascist movements.
* The West is the evil empire.
Japan, the U.S. and the U.K. are evil empires.
Germany, Italy and France are evil empires.
Destroy the West.
Destroying the West is the only solution.
* And, so, the Reform and Opening-up policies of China are wrong.
China must return to Maoism.
[Wikipedia]
Japanese competition law
https://en.wikipedia.org/wiki/Japanese_competition_law
Japanese competition law consists of the Antimonopoly Act, officially the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade (Act No. 54 of April 14, 1947), and several other statutory laws.
[Ministry of Finance of Japan]
Japanese Big Bang
https://www.fsa.go.jp/p_mof/english/big-bang/ebb37.htm
An efficient and competitive financial sector is absolutely essential for the vitality of the Japanese economy in the 21st century.
The Financial System Reform, “Japanese Big Bang,” was commenced in November 1996 under the three principles of “free, fair and global,” aiming to rebuild the Japanese financial market into an international market comparable to the New York and London markets
[Wikipedia]
Holding company
https://en.wikipedia.org/wiki/Holding_company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies.
[Wikipedia]
Glass–Steagall legislation
https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation
The Glass–Steagall legislation describes four provisions of the United States Banking Act of 1933 separating commercial and investment banking.
The article 1933 Banking Act describes the entire law, including the legislative history of the provisions covered.
The separation of commercial and investment banking prevented securities firms and investment banks from taking deposits and commercial Federal Reserve member banks from:
* dealing in non-governmental securities for customers;
* investing in non-investment grade securities for themselves;
* underwriting or distributing non-governmental securities;
* affiliating (or sharing employees) with companies involved in such activities.
[Wikipedia]
Gramm–Leach–Bliley Act
https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act
The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (Pub. L. 106–102 (text) (PDF), 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001).
It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies, and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company.
With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate.
