Growth and Bankruptcy of Murai Bank: A History of an 'Organ Bank' in Prewar Japan

Tetsuji Okazaki
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Tetsuji Okazaki: The University of Tokyo

No CIRJE-J-316, CIRJE J-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: Murai Bank was a middle-sized bank in prewar Japan, which was bankrupted under the financial crisis in 1927. In the literature, Murai Bank has been regarded as a typical “organ bank,†i.e. a bank which was founded by a certain business group as an instrument to supply fund to the firms within the group. However, because of the constraint of historical materials and data, the business of Murai Bank has not been well documented. Integrating the information from its business reports, the report of the Bank of Japan after its bankruptcy, and newly found document of the Murai family, this paper comprehensively describes the growth and bankruptcy of Murai Bank.

Pages: 27 pages
Date: 2026-03
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Persistent link: https://EconPapers.repec.org/RePEc:tky:jseres:2026cj316

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