The ministry could not restrain aggressive and often politically controversial purchases by Japanese corporate investors in the United States, such as Mitsubishi Estate's October 1989 purchase of Rockefeller Center in New York City, which, along with the Sony Corporation's acquisition of Columbia Pictures several weeks earlier, heated up trade friction between the two countries.
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There was considerable continuity —in institutions, operating style, and personnel — between the civil service before and after the occupation, partly because General Douglas MacArthur's staff ruled indirectly and depended largely on the cooperation of civil servants.
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In the post-war period, this figure has been even higher, but the privatization of a large number of public corporations since the 1980s, among them NTT and Japanese National Railways, already reduced the number.
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In the early postwar period, the scarcity of capital made it possible for the Ministry of Finance and MITI to exert considerable influence over the economy through control of the banking system (see Monetary and fiscal policy).
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