Yokohama Specie Bank

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The Yokohama Specie Bank (now The Kanagawa Prefectural Museum of Cultural History)
Yatarō Mishima, Head of Yokohama Specie Bank from 1911 to 1913.

Yokohama Specie Bank (横浜正金銀行, Yokohama Shōkin Ginkō) was a Japanese bank founded in

Yokohama, Japan in the year 1880. Its assets were transferred to The Bank of Tokyo (now MUFG Bank) in 1946. The bank played a significant role in Japanese overseas trade, especially with China.[1] The original bank building is now the Kanagawa Prefectural Museum of Cultural History
.

Background

Following the signing of the

Hongkong and Shanghai Banking Corporation, which had a great influence on Japan's overseas trade and foreign exchange at the time. A branch office was opened in Kobe later the same year.[citation needed
]

In 1884 the bank was appointed by the Ministry of Finance to manage Japan's foreign exchange. A branch office in London was opened in December. In July 1887, the government promulgated the Yokohama Specie Bank Ordinance, which stipulated that branch offices be established everywhere that was regarded as important to Japanese foreign trade and authorized that an administrator from the Ministry of Finance would be assigned to monitor the bank's operations. This Ordinance was revised in 1889 to authorize the Japanese government to overrule any decision by its directors, and if deemed necessary, to replace the directors with others of its choosing.

A branch office was opened in

American occupation authorities
. The bank was finally liquidated in 1963.

International expansion

Miscellaneous

  • 4 October 1918 – London branch sub-manager S. Ujie, his wife and three sons, together with bank employee Takashi Aoki and wife Sueko, die when German UBoat UB-91 sinks the Hirano Maru.[4][5]

Gallery

  • Kobe branch (now The Kobe City Museum)
    Kobe branch (now The Kobe City Museum)
  • Nagasaki branch
    Nagasaki branch
  • Shanghai, China branch
    Shanghai, China branch
  • Beijing, China branch
    Beijing, China branch
  • Tianjin, China branch
    Tianjin, China branch
  • Dalian, China branch
    Dalian, China branch
  • Honolulu, Hawaii branch
    Honolulu, Hawaii branch

Past presidents

See also

References

  1. ^ The Yokohama Specie Bank Building – built in 1924 (No. 24, The Bund) Archived 12 September 2011 at the Wayback Machine
  2. Japan Currency Museum
    (日本貨幣博物館) permanent exhibit
  3. ^ "Japan-led project finance brings Australia's infra".
  4. ^ "The Torpedoed "Hirano Maru"". The Singapore Free Press and Mercantile Advertiser. 13 December 1918. Retrieved 4 January 2012.
  5. ^ "独政府を相手に損害賠償の訴え". Osaka Asahi Shinbun. 10 July 1919. Retrieved 4 January 2012.
  6. ^ Tamaki, Norio. (1995). Japanese banking: a History, 1859-1959, p. 120, p. 120, at Google Books

Further reading

External links

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