Masatsune Ogura
Encyclopedia
was a Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

ese politician and business man. In 1930 he became the president of Sumitomo Group
Sumitomo Group
is one of the largest keiretsu, founded by Masatomo Sumitomo.-History:The Sumitomo group traces its roots to a bookshop in Kyoto founded circa 1615 by a former buddhist priest,...

. During his period as president the company developed into a zaibatsu
Zaibatsu
is a Japanese term referring to industrial and financial business conglomerates in the Empire of Japan, whose influence and size allowed for control over significant parts of the Japanese economy from the Meiji period until the end of World War II.-Terminology:...

. He is credited for streamlining management for the company. In 1941 he was appointed Minister of finance
Minister of Finance (Japan)
The is the member of the Cabinet of Japan in charge of the Ministry of Finance. This position was formerly cited as being Japan's most powerful and one of the world's, because Japan had historically held the largest foreign exchange reserves...

 for the brief period between 18 July 1941 and 18 October 1941 in Fumimaro Konoe
Fumimaro Konoe
Prince was a politician in the Empire of Japan who served as the 34th, 38th and 39th Prime Minister of Japan and founder/leader of the Taisei Yokusankai.- Early life :...

's third cabinet.

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