The Rise and Fall of The 'Keiretsus' in Japan
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Case Code: ECON012 Case Length: 14 Pages Period: 1980 - 2003 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.400 Organization : Keiretsus Industry : Microfinance Countries : Japan Themes: - |
Abstract Case Intro 1 Case Intro 2 Excerpts
Rise of the 'Keiretsu'
After the Meiji Restoration of 1868, large business groups like the Mitsubishi shipping conglomerate, Mitsui trading company and Yasuda banking complex emerged in Japan. These business groups laid the foundation of the oligopolies that came to be known as the Zaibatsus, the precursors of Keiretsus. The Zaibatsus consisted of a mix of firms including banks, trading companies, and manufacturing concerns held together by a holding company under a single family. It was during the Meiji period that Japan began its first phase of industrial development through the export of primary products and import of light industrial goods. During the World War I (1914-18) Japan stayed neutral and this helped the Zaibatsus grow. The Zaibatsus partnered with the government in building the infrastructure of Japan, through large contracts. The Zaibatsus also built up the heavy industries of Japan and their clout expanded. According to published reports, in the 1930s, the four leading Zaibatsus: Mitsubishi, Mitsui, Sumitomo, and Yasuda, controlled one third of all bank deposits, one third of all foreign trade, one-half of shipbuilding and maritime shipping, and most of the heavy industries in Japan. After the World War II, the Allied Forces occupied Japan and dismantled the Zaibatsus...
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