Capital Accumulation and the Local Economy: Brewers and Local Notables

Masayuki Tanimoto

in The Role of Tradition in Japan's Industrialization

Published in print May 2006 | ISBN: 9780198292746
Published online September 2006 | e-ISBN: 9780191603891 | DOI:

Series: Japanese Studies in Economic and Social History Series

 Capital Accumulation and the Local Economy: Brewers and Local Notables

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This chapter looks at the role brewers played in financing new businesses during the early stages of industrialization. Since brewing was relatively capital-intensive among the traditional industries, brewers were likely to have accumulated capital and regarded as local notables. The investment pattern of a certain soy-sauce brewer is examined. It is shown that the desire to maintain their status as notables in regional communities motivated brewers to invest in newly established businesses that were highly risky, but nonetheless strategically important for regional development.

Keywords: brewers; capital; local notables; investment patterns; soy sauce; reputation; regional community

Chapter.  8749 words.  Illustrated.

Subjects: Business and Management

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