Some months after the surrender, occupation authorities naively turned over to the government a major portion of the military stocks that had been properly maintained intact, with instructions that these be used for public welfare and economic reconstruction. A substantial portion of these goods consisted of construction materials and machinery, and the Home Ministry proceeded to entrust their disposal to a committee consisting of five representatives from zaibatsu enterprises. The total value of goods involved was estimated to be roughly 100 billion yen—and these materials, too, quickly
...more