Manchurian Industrial Development Company

The original plan under Naoki Hoshino and other Army planners envisioned a syndicalist economy, with the military allocating monopolies of one firm per industry.From 1932, the Japanese military had created 26 new companies, ranging from automobiles, aircraft, oil refining, shipping, etc.[1] Aikawa countered that this policy was unrealistic given the undeveloped state of Manchukuo's resources and industrial infrastructure, and persuaded the military leaders that there should be a single state-controlled entity to manage all of resource development and heavy industry.[2] In October 1937, Aikawa was given his way, and the Manshū Jukōgyō Kaihatsu Yoko (Manchurian Heavy Industrial Development Corporation) was established under the aegis of Nissan, which also moved its headquarters to Xinjing, Manchukuo.Mangyō was dissolved with the destruction of Manchukuo by the Soviet Red Army in the invasion of Manchuria at the end of World War II.
Meeting of the Board of Mangyō, October 10, 1939. Aikawa is in the center
Hanyu PinyinWade–GileszaibatsuJapaneseEmpire of ManchuriaImperial Japanese Armyself-sufficientheavy industriesSouth Manchurian Railway CompanyShowa Steel WorksKwantung Armystate socialistcommand economyYoshisuke AikawaNissanjoint ventureNaoki Hoshinosyndicalistautomotive industryaircraft industryXinjingIndustrial Bank of JapanBank of Japannatural resourcescollateralWorld War IISovietRed Armyinvasion of ManchuriaVan Wolferen, Karel