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Japan Inc.

Japan Inc. A Miracle A Model: The East Asian Strategy From: http://benmuse.typepad.com/ben_muse/2005/11/changes_in_inco.html. Economic Philosophy. Nationalism/Protectionism Exports. Rich Nation, Poor People. “Salaryman” Capsule Hotels. What is Japan Inc.?. Business-Government relations

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Japan Inc.

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  1. Japan Inc. • A Miracle • A Model: The East Asian Strategy • From: http://benmuse.typepad.com/ben_muse/2005/11/changes_in_inco.html

  2. Economic Philosophy • Nationalism/Protectionism • Exports

  3. Rich Nation, Poor People “Salaryman” Capsule Hotels

  4. What is Japan Inc.? • Business-Government relations • Industry-Industry relations • Labor-Management relations

  5. Partnership Yoshida Doctrine “GNPism” Yoshida Shigeru PM 1946-7, 1948-54 Business-Government relations

  6. Administrative Guidance Ministry of Economy, Trade, and Industry formerly Ministry of International Trade and Industry (MITI) • The Visible Hand?

  7. 2. Industry-Industry relations Pre-war Zaibatsu • Mitsui • Mitsubishi • Sumitomo (Mazda, NEC) • Yasuda (dismantled post-WW II)

  8. Post-War Keiretsu From: http://www.wtec.org/loyola/polymers/c7_s7.htm

  9. 3. Labor-Management Relations • 1950s: the end of independent unions • Company Unions • Lifetime Employment

  10. Dilemmas • Inflexibility • Protectionism and competition • Innovation?

  11. Collapse of Bubble Economy, 1990 Pay back loans Build factories Loans Hire people Buy land Build offices Pay back Loans Banks Companies Government

  12. GDP Growth in Japan1956-2008

  13. Japanese GDP From Sian Fenner, The Japanese economy and future growth prospects, Department of the Treasury, Australia, http://www.treasury.gov.au/documents/817/HTML/docshell.asp?URL=05_article_4.asp

  14. Another Look From: http://japanjapan.blogspot.com/2008/02/japan-q4-2007-gdp.html

  15. GDP Growth 1980-2013

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