Justice in Japan: The Notorious Teijin Scandal by Richard H. Mitchell PhD

By Richard H. Mitchell PhD

The Imperial Rayon corporation corruption scandal (popularly referred to as the Teijin incident) used to be Japan's significant interwar political bribery case. in comparison to various eastern corruption situations of the previous century, the Teijin affair sticks out as not just the main sensational of the pre-1945 period, but in addition the main important--perhaps simply because greater than the other case, it has left an indelible mark at the public brain. however, eastern and overseas students have missed this incident, which introduced down a whole cupboard and produced a record-setting trial. The 16 defendants, all favourite bureaucrats, ministers, and businessmen, have been charged with illegally making the most of the sale of Imperial Rayon corporation inventory held via the financial institution of Japan. In December 1937, after a greater than two-year trial, all 16 have been chanced on blameless while the judges declared that the case have been fabricated via the prosecution. Their verdict ranks in significance with the recognized Otsu case judgment, the benchmark for judicial independence from the administrative. regardless of its value, uncomplicated proof in regards to the Teijin case stay vague, as students repeat genuine incorrect information and convey farfetched conspiracy theories. This examine, the 1st accomplished, scholarly paintings at the topic in English or eastern, investigates debatable and critical concerns in regards to the origins, effects, and importance of the incident. It illustrates transwar continuities in the judicial approach via displaying that the institutional flaws within the previous legal justice method, which have been magnified by way of the Teijin research and trial, stay embedded regardless of reform makes an attempt throughout the profession. whereas illuminating the fundamental institutional positive aspects that generated it, the writer makes use of the incident to focus on the enormous quantity of political feedback and public clash that existed in Japan within the Nineteen Thirties. Justice in Japan becomes a typical paintings for college students and students of prewar eastern background and for these attracted to jap legislations and legal justice. it is going to additionally attract social scientists and criminal students in different fields.

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53 Contemporary critics of the Banchòkai viewed its members (except for Baron Gò) as second-rate businessmen whose profit-seeking methods were not only illegal but harmful to the financial community. 54 Outstanding among those who held this view was newspaper publisher Mutò Sanji. 56 Moreover, forming a purchasing syndicate with enough cash (each share would cost somewhere between ¥120 and ¥150) would require superior negotiating skills. Furthermore, the rapid growth of Teijin Company increased the stocks’ value, which drew the attention of rival investors.

12 Wartime boom conditions, however, were followed by a series of panics, beginning with a stock market crash in 1920. Moreover, agriculture, a mainstay in overall economic growth, declined throughout the 1920s. This grim situation reflected a growing excess of farm products worldwide. A catastrophic earthquake on September 1, 1923, which demolished the capital area, compounded the nation’s woes. Although the Bank of Japan’s “earthquake relief bills” (rediscounting commercial bills scheduled to be paid in the metropolitan area) averted a panic, the natural disaster caused an enormous financial loss estimated as high as ten billion yen.

Kawakami ridiculed Mutò’s argument that onjòshugi was a national treasure deeply respected by domestic capitalists, in contrast to Western capitalists’ practices. An angry Mutò wrote a letter, demanding an apology, which Kawakami refused.

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