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Mitsubishi solidarity survived war but succumbs to changing times

'Zaibatsu' descendants grapple with pressures hitting much of Japan Inc.

Many market players hold the top three Mitsubishi companies -- BTMU, Mitsubishi Corp. and Mitsubishi Heavy -- responsible for overlooking Mitsubishi Motors' misdeeds.

TOKYO -- Through Japan's prewar and postwar economic ups and downs, there has been at least one constant: a strong sense of solidarity among businesses bearing the Mitsubishi name.

Although the original zaibatsu conglomerate was broken up during the U.S. Occupation, its disparate parts have continued to support one another, one way or another. Symbolizing this spirit of unity is the Mitsubishi Kinyokai, or Friday Club, which brings together the heads of 28 core group companies -- from manufacturers to financial institutions -- for a monthly meeting. 

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