Japan: Pleasing the Ancestors

Like chewing gum, rock 'n' roll and girls in slacks, people's capitalism was unthinkable in prewar Japan. Today, an estimated 6,000,000 Japanese—many of them housewives, factory workers and shopkeepers—own stocks. An average trading day on the Tokyo Exchange sees no fewer than 100 million shares of stock change hands. The trail blazer in this phenomenal growth of stock ownership is a jovial, pipe-chewing kabuya (securities broker) named Tsunao Okumura, who has fought public apathy, occupation forces, and the power of Kabutocho, Japan's Wall Street, to educate the Japanese public in the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!