Business Report for the Last Term of Commercial and Industrial Bank of Taiwan during Wartime
In 1935, Japan, in preparation for its conquest of Southeast Asia, actively prepared for war and increased production efforts. This led to a vibrant market and economic prosperity. The Marco Polo Bridge Incident in 1937 marked the outbreak of the Second Sino-Japanese War. As the war progressed, Taiwan transitioned into a wartime economy. To meet the massive financial demands of the war, the Japanese government encouraged citizens to purchase government bonds and enforced compulsory savings. Strict controls were implemented to ensure that surplus funds flowed into banks, resulting in a significant increase in bank deposits. By 1945, deposits had soared to 270 million yen, making Commercial and Industrial Bank of Taiwan the second-largest bank in Taiwan, just behind the Bank of Taiwan.
