Sanwa Group
Encyclopedia
Sanwa Group was a keiretsu
, or business group, based in Osaka
from World War II
to the early 1990s in Japanese asset price bubble
, one of the main keiretsu
. After the stock market and real estate crash, the group's core bank, Sanwa Bank (三和銀行) laded with bad debts.
It was merged with Tokai Bank to form UFJ Holdings (UFJホールディングス U) to strengthen the banking system, with the UFJ Group (UFJグループ) taking over from Sanwa Group. Subsequently UFJ Holdings was again merged with Bank of Tokyo-Mitsubishi to form Mitsubishi UFJ Financial Group, and the group was renamed the Midori Kai (みどり会).
Keiretsu
A is a set of companies with interlocking business relationships and shareholdings. It is a type of business group. The keiretsu has maintained dominance over the Japanese economy for the greater half of the twentieth century....
, or business group, based in Osaka
Osaka
is a city in the Kansai region of Japan's main island of Honshu, a designated city under the Local Autonomy Law, the capital city of Osaka Prefecture and also the biggest part of Keihanshin area, which is represented by three major cities of Japan, Kyoto, Osaka and Kobe...
from World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
to the early 1990s in Japanese asset price bubble
Japanese asset price bubble
The was an economic bubble in Japan from 1986 to 1991, in which real estate and stock prices were greatly inflated. The bubble's collapse lasted for more than a decade with stock prices initially bottoming in 2003, although they would descend even further amidst the global crisis in 2008. The...
, one of the main keiretsu
Keiretsu
A is a set of companies with interlocking business relationships and shareholdings. It is a type of business group. The keiretsu has maintained dominance over the Japanese economy for the greater half of the twentieth century....
. After the stock market and real estate crash, the group's core bank, Sanwa Bank (三和銀行) laded with bad debts.
It was merged with Tokai Bank to form UFJ Holdings (UFJホールディングス U) to strengthen the banking system, with the UFJ Group (UFJグループ) taking over from Sanwa Group. Subsequently UFJ Holdings was again merged with Bank of Tokyo-Mitsubishi to form Mitsubishi UFJ Financial Group, and the group was renamed the Midori Kai (みどり会).