The decline of Japan’s yakuza

The fortunes of Japan’s mafia have suffered along with the economy. Are they now in terminal decline? Simon Wilson reports.

Why are the yakuza tolerated?

For decades, many Japanese clung to a romantic myth that the crime syndicates with their intricate hierarchies, pseudo-familial relationships and codes of honour retained something of the samurai spirit. Although they claim links to 16th-century castes of peddlers and gamblers, the modern yakuza grew up in the late 19th century and flourished in the construction boom following World War II. In the modern era defenders say they played a useful role in containing violent crime.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
MoneyWeek columnist