Following Japan's defeat in August 1945, Hajime Yasuda and Yasuda executives assumed a leadership role in planning for the dissolution of their own group. The "Yasuda plan" was submitted in October 1945 and stipulated that the Yasuda zaibatsu would be dissolved and that Yasuda Bank would cease to control Yasuda subsidiaries. In addition, family members and executives appointed by them would resign from all Yasuda companies. The Yasuda Plan, with some revisions, was accepted by the U.S. government in November of that year.[6]