Zaitech

//ˈzaɪtɛk// noun

Definitions

Noun
  1. 1
    Application of financial engineering techniques in Japanese financial markets since their deregulation in 1984. uncountable

    "Not all of the capital raised in this way was channeled into new plant and equipment; a large amount was used for what came to be called zaitech, or financial engineering, which included the purchase of more real estate and securities offering higher and higher yield."

  2. 2
    Speculative financial investments, using simple financial leverage as well as financial engineering, in Japanese financial markets since their deregulation in 1984. uncountable

    "Such "high-tech" financial transactions are called 'zaitech' in Japan. Many old-timers thought zaitech was sinfully speculative […]"

Etymology

From Japanese 財テク (zaiteku, “money management”), from blend of 財務 (zaimu, “financial dealings”) and テクノロジー (tekunorojii, “technology”), the latter, from English technology. The -tech in zaitech reflects the original borrowing of English technology.

Next best steps

Mini challenge

Unscramble this word: zaitech