Japanese Investment
Japanese investment led Manchukuo's emergence as the third-largest industrial area in East Asia (after Japan-proper and the U.S.S.R.). At Manchukuo, other foreign businessmen mentioned how "Japanchukuo" controlled all Manchukuoan industry with Japanese filling all important technical and administrative roles.
Japanese investment (private and central government) ran at ¥1,715,000,000 (£171,580.000 sterling) in 1938. In 1941, ¥5,000,000,000 was reinvested—the equivalent of $2 for every person in China. For local and foreign commerce, Japan organized a centralized economic structure, a national central bank and a local currency, the yuan of Manchukuo.
During the early years of Japanese control, Manchukuo represented 14.3% of total industrial production in China, including 12% of its industrial work force. From 1913 to 1930, farm production grew by 70%; its railways represented 30% of all Chinese railways.
During 1937 the Japanese Government with the Japanese Army commissioned industrialist Yoshisuke Aikawa to organize and direct the Manchuria Industrial Development Company with a capital of 758,000,000 yen. This became the "Manchoukuoan Zaibatsu Empire" and guided in centralizing mining and heavy industry.
The Japanese invested ¥440,000,000 (£44,000,000). One-half to two-thirds of the investment was reserved for soy products.
Investments were made in the Dowa Automobile Company (for the manufacture of cars and trucks), Manshukoku Hikoki Seizo KK (for making engines and aircraft) in Harbin, Jintan Candy & Foods Company, Mukden Arsenal, Anshan Iron & Steel Works (founded in 1913) and renamed Showa Steel Works (in 1933) in Anshan, Manshukoku Koku KK (Manchurian National Airways), Central Bank of Manchou (national central bank), South Manchurian Railway Company, Yamato Hotel, Tuitsuike Hotel in Tangkantzu lake, Kirin Bīru Kabushiki Kaisha (Kirin Brewery Company,Ltd.) and others.
In 1945 Japan reported its monetary investments in land as 11,000,000,000 Yen.
Read more about this topic: Economy Of Manchukuo
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