Shigeaki Ikeda
Encyclopedia
, also known as Seihin Ikeda, was a Japanese politician and businessman prominent in the early decades of the 20th century. He served as director of Mitsui Bank
Mitsui
is one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was the fourth son of a shopkeeper in Matsusaka, in what is now today's Mie prefecture...

 from 1909-1933, was appointed governor of the Bank of Japan
Bank of Japan
is the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration...

 in 1937, and served as 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...

 under Prime Minister
Prime Minister of Japan
The is the head of government of Japan. He is appointed by the Emperor of Japan after being designated by the Diet from among its members, and must enjoy the confidence of the House of Representatives to remain in office...

 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 :...

 from 1937 to 1939. In 1941, he was made a member of the Imperial Privy Council
Privy Council (Japan)
was an advisory council to the Emperor of Japan that operated from 1888 to 1947.-Functions:Modeled in part upon the Privy Council of the United Kingdom, this body advised the throne on matters of grave importance including:...

; following Japan's defeat in World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

, Ikeda was banned from public political service.

Life and career

Ikeda was born in the feudal domain (han) of Yonezawa
Yonezawa Domain
Yonezawa Domain was a feudal domain of Tokugawa Japan, controlled by daimyō of the Uesugi clan. Covering the Okitama district of Dewa province, in what is today southeastern Yamagata Prefecture, the territory was ruled from Yonezawa castle in Yonezawa city...

 in 1867, the son of samurai
Samurai
is the term for the military nobility of pre-industrial Japan. According to translator William Scott Wilson: "In Chinese, the character 侍 was originally a verb meaning to wait upon or accompany a person in the upper ranks of society, and this is also true of the original term in Japanese, saburau...

 Ikeda Nariaki. He studied at, and graduated from, both Keio University
Keio University
,abbreviated as Keio or Keidai , is a Japanese university located in Minato, Tokyo. It is known as the oldest institute of higher education in Japan. Founder Fukuzawa Yukichi originally established it as a school for Western studies in 1858 in Edo . It has eleven campuses in Tokyo and Kanagawa...

 and Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

, after which he began working at Mitsui Bank, later marrying the daughter of director Nakamigawa Hirojirō.

He became director of the bank in 1909, and held that position until 1933; four years later he became governor of the Bank of Japan and Minister of Finance, serving in the cabinet of Prime Minister Fumimaro Konoe until 1939.

On 5 December 1938, along with the prime minister, Foreign Minister
Minister for Foreign Affairs (Japan)
The of Japan is the Cabinet member responsible for Japanese foreign policy and the chief executive of the Ministry of Foreign Affairs.Since the end of the American occupation of Japan, the position has been one of the most powerful in the Cabinet, as Japan's economic interests have long relied on...

 Hachirō Arita
Hachiro Arita
was a Japanese politician and diplomat who served as the Minister for Foreign Affairs for three terms. He is believed to have originated the concept of the Greater East Asia Co-Prosperity Sphere.- Biography :...

, Army Minister
Ministry of War of Japan
The , more popularly known as the Ministry of War of Japan, was cabinet-level ministry in the Empire of Japan charged with the administrative affairs of the Imperial Japanese Army...

 Seishirō Itagaki, and Navy Minister
Ministry of the Navy of Japan
The was a cabinet-level ministry in the Empire of Japan charged with the administrative affairs of the Imperial Japanese Navy . It existed from 1872 to 1945.-History:...

 Mitsumasa Yonai
Mitsumasa Yonai
was an admiral in the Imperial Japanese Navy, and politician. He was the 37th Prime Minister of Japan from 16 January to 22 July 1940.-Early life & Naval career:...

, Ikeda took part in the Five Ministers' Conference, a secret meeting of the highest officials in the Japanese government, to discuss the government's position on world Jewry
Jews
The Jews , also known as the Jewish people, are a nation and ethnoreligious group originating in the Israelites or Hebrews of the Ancient Near East. The Jewish ethnicity, nationality, and religion are strongly interrelated, as Judaism is the traditional faith of the Jewish nation...

. While the Foreign Minister and others were opposed to any formal involvement with the Jewish people, on the basis of their uncontrollable nature and devious schemes as detailed in the Protocols of the Elders of Zion and the threat they posed according to Nazi ideology, Ikeda, along with Army Minister Itagaki, argued that a population of Jews would be a great asset to Japan, attracting foreign capital and improving world opinion towards Japan. The meeting ultimately proved a crucial step in the development of the "Fugu Plan
Fugu Plan
The Jewish settlement in Imperial Japan involved the movement of Jews to and through Japan to its occupied areas of China shortly prior to and during World War II, coinciding with the Second Sino-Japanese War...

" which would bring several thousand Jews to the Empire of Japan, from Nazi-controlled Europe.

Ikeda became a member of the Privy Council in 1941, and was banned from engaging in political activity as a result, following the end of World War II.
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