- published: 28 Apr 2024
- views: 677
Keiretsu
A keiretsu (系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relationships and shareholdings. It is a type of informal business group. The keiretsu maintained dominance over the Japanese economy for the last half of the 20th century.
The member companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in innovative projects. It is a key element of the automotive industry in Japan.
History
The corporate governance of Japan dates back to the 19th century, much of which was propelled by the formation of the Meiji Restoration in 1866 by the Japanese government, the same time when the world entered the Industrial Revolution. These formations were termed zaibatsu. Prior to the war, Japan remained dominated by four major zaibatsu: Mitsubishi, Sumitomo, Yasuda and Mitsui. They focused on steel, banking, international trading and various other key sectors in the economy, all of which was controlled by a holding company. Apart from this, they remained in close connection to influential banks that provided funding to their various projects.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Keiretsu
Podcasts:
-
What is Keiretsu? How It Works in Business, and Types
Keiretsu is a business network consisting of various companies that work together, have close relationships, and sometimes take small equity stakes in each other while remaining operationally independent. After rising to prominence post-World War II, keiretsus are structured as horizontal or vertical integration models. Their formation enables companies to enjoy several advantages, such as leveraging expertise and limiting competition, while facing some drawbacks due to large size and limited competition. ee9c
published: 28 Apr 2024 -
What You Didn’t Know About Japan's Economy
Japan, a country in East Asia, witnessed a transformative economic shift led by the Zaibatsu. These conglomerates played a pivotal role in shaping the nation's economic landscape. But how did they rise to such dominance? This video delves into the powerful entities that took control of Japan's economy, unravelling the story behind its meteoric ascent and lasting influence. #japan #zaibatsu #japaneconomy
published: 03 Oct 2023 -
Keiretsu: Why Foreign Companies Struggle in Japan
In Japan, if you're working with one company, you’re working with many others. Should one company fall on harder times, then all the others contribute to make up for lost sales—acting very much like a family. We call these units “Keiretsu”, and they run the Japanese economy. Join David and Timothy as they dissect what so many foreign companies fail to realize. Subscribe to the Langley Esquire YouTube channel for more weekly videos! http://www.youtube.com/langleyesquire Tokyo on Fire is also available on: iTunes: https://itunes.apple.com/us/podcast/tokyo-on-fire!/id981400702?mt=2 To learn more about Langley Esquire, visit our website: http://www.langleyesquire.com Transcript: -- Timothy: Hi, everyone! Welcome back to Brand 2020. In this series, we examine Japan's attempt to brand it...
published: 13 Jun 2018 -
Ubuntu in Economics: Japan's Keiretsu for wealth creation within communities | Economics Explained
We will take a quick look at how the Japanese economy became a modern success, leveraging their communities and local talent to become a global superpower.
published: 21 Jul 2020 -
Why Keiretsu
Keiretsu Forum Pacific Northwest is the premiere angel investment group in the world. In this short video series, we took a look at why Keiretsu is a great choice for companies and investors alike.
published: 03 Sep 2020 -
Why (Almost) Nobody Invests in Japan - VisualPolitik EN
Both in the economic field and in the political arena, Japan seems to be coming back into fashion. However, there is something that doesn't add up: despite everything, Japan is still one of the countries with the lowest Foreign Direct Investment in the world. Why do multinationals invest so little in Japan? Why does North Korea alone have less FDI in terms of GDP than the Land of the rising sun? Is it an opportunity? In this video made in collaboration with Value School, we tell you. Join the VisualPolitik community and support us on Patreon: https://www.patreon.com/VisualPolitik
published: 29 May 2022 -
Dave Berkus - Keiretsu Forum- Best Advice Entrepreneurs Will Never Follow
A 15-minute dive into advice to entrepreneurs from the lens of an active early-stage investor. Dave turns the subject into a listing of six items in a checklist of things never to do when seeking investment.
published: 20 Oct 2022 -
Understanding Keiretsu Networks
Explain : Keiretsu Networks Keiretsu is a business network composed of manufacturers, supply chain partners, distributors and financiers who remain financially independent but work closely together to ensure each other's success.
published: 30 Aug 2019 -
Intro to Keiretsu
published: 24 Jul 2015 -
How Toyota Changed The Way We Make Things
The Japanese Car Company is a corporate behemoth - but it's done much more than just give us Corollas or Land Cruisers. It's changed the way the world makes products. Here's how. Video by Tom Gibson Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and ana...
published: 23 Aug 2018
developed with YouTube
6:06
What is Keiretsu? How It Works in Business, and Types
- Order: Reorder
- Duration: 6:06
- Uploaded Date: 28 Apr 2024
- views: 677
Keiretsu is a business network consisting of various companies that work together, have close relationships, and sometimes take small equity stakes in each othe...
Keiretsu is a business network consisting of various companies that work together, have close relationships, and sometimes take small equity stakes in each other while remaining operationally independent. After rising to prominence post-World War II, keiretsus are structured as horizontal or vertical integration models. Their formation enables companies to enjoy several advantages, such as leveraging expertise and limiting competition, while facing some drawbacks due to large size and limited competition.
ee9c
https://wn.com/What_Is_Keiretsu_How_It_Works_In_Business,_And_Types
Keiretsu is a business network consisting of various companies that work together, have close relationships, and sometimes take small equity stakes in each other while remaining operationally independent. After rising to prominence post-World War II, keiretsus are structured as horizontal or vertical integration models. Their formation enables companies to enjoy several advantages, such as leveraging expertise and limiting competition, while facing some drawbacks due to large size and limited competition.
ee9c
14:53
What You Didn’t Know About Japan's Economy
- Order: Reorder
- Duration: 14:53
- Uploaded Date: 03 Oct 2023
- views: 5042
Japan, a country in East Asia, witnessed a transformative economic shift led by the Zaibatsu. These conglomerates played a pivotal role in shaping the nation's ...
Japan, a country in East Asia, witnessed a transformative economic shift led by the Zaibatsu. These conglomerates played a pivotal role in shaping the nation's economic landscape. But how did they rise to such dominance? This video delves into the powerful entities that took control of Japan's economy, unravelling the story behind its meteoric ascent and lasting influence.
#japan #zaibatsu #japaneconomy
https://wn.com/What_You_Didn’T_Know_About_Japan's_Economy
Japan, a country in East Asia, witnessed a transformative economic shift led by the Zaibatsu. These conglomerates played a pivotal role in shaping the nation's economic landscape. But how did they rise to such dominance? This video delves into the powerful entities that took control of Japan's economy, unravelling the story behind its meteoric ascent and lasting influence.
#japan #zaibatsu #japaneconomy
- published: 03 Oct 2023
- views: 5042
18:05
Keiretsu: Why Foreign Companies Struggle in Japan
- Order: Reorder
- Duration: 18:05
- Uploaded Date: 13 Jun 2018
- views: 32406
In Japan, if you're working with one company, you’re working with many others. Should one company fall on harder times, then all the others contribute to make u...
In Japan, if you're working with one company, you’re working with many others. Should one company fall on harder times, then all the others contribute to make up for lost sales—acting very much like a family. We call these units “Keiretsu”, and they run the Japanese economy. Join David and Timothy as they dissect what so many foreign companies fail to realize.
Subscribe to the Langley Esquire YouTube channel for more weekly videos!
http://www.youtube.com/langleyesquire
Tokyo on Fire is also available on:
iTunes:
https://itunes.apple.com/us/podcast/tokyo-on-fire!/id981400702?mt=2
To learn more about Langley Esquire, visit our website:
http://www.langleyesquire.com
Transcript:
--
Timothy: Hi, everyone! Welcome back to Brand 2020. In this series, we examine Japan's attempt to brand itself, to project that brand image, outside of Japan and also inside to people who just live here. My guest today is David Russell, who is an author about many different facets of how Japan works. David, welcome again!
David: Thank you, Tim. Glad to be back.
Timothy: Today, I want to explore a little bit about Keiretsu, the Japanese conglomerates that in the past really molded and controlled how the Japanese economy worked. It's a little bit of a dead horse but it's an issue that you examined a long time ago and quite a bit of depth.
David: Yes, I did! As a matter of fact, it was my very first published book. That goes back a long time, maybe 25 years ago, I did a book called Keiretsu and it won all sorts of awards, because at that time the Keiretsu issue was a huge issue in US-Japan trade relations.
Timothy: Structural impediments talks, right? People tried to figure out why is this place so hard to crack. How come we've been knocking on the door; we're doing all of the things that the Japanese say we should do; we set up shop there; we hire people we invest money and it just doesn't seem to work. So, just to start from the beginning what actually is a Keiretsu?
David: That's a good question, Tim, because Keiretsu are not well understood. Even in Japan they're not well understood. Overseas, they're widely misunderstood: they have been misunderstood for decades. In general, a Keiretsu is a group of independent companies: they share a single corporate governance structure in the sense that they have a meeting of the presidents of each of the top companies. Maybe ,once a month all the presidents will get together in what is called a Shacho-Kai; and they have very often cross-shareholdings, not the way they used to, but they traditionally have shareholdings of each other's shares; the big horizontal Keiretsu always have a bank in the middle of this group, and so they're very connected through economic connections, as well as interlocking directorships, or their personal relationships between the companies. That means that it's more than just a sort of happenstance collection of companies: it becomes a real corporate group.
Timothy: It's a unique feature of the Japanese corporate economy, isn't it? Or was it one time?
David: We like to think it's unique: it's not as unique as we would wish it.
Timothy: But, it's not quite a monopoly either, right? It's more like a vertical integration...
David: It depends, there are different kinds of Keiretsu. First of all, they're horizontal Keiretsu, which I just mentioned. Horizontal Keiretsu used to be six big ones, they all had a bank at the centre and then there would be trading companies and mining companies, metal companies, and various companies in the groups around the bank: they look like a giant solar system. Then, there are vertical Keiretsu, who are individual members of those horizontal Keiretsu that were involved in manufacturing. Think of the auto companies, steel, camera companies, the electronics companies; underneath each one of those major companies in the horizontal Keiretsu, there would be a manufacturing, a vertical keiretsu, that could go down anywhere from five thousand to thirty thousand companies. So, each of those vertical Keiretsu was part of a big horizontal Keiretsu and we're talking about a huge chunk of the Japanese economy.
Timothy: Where did this start? I mean, it seems to be something that feels very Japanese. You and I, we've talked about this endlessly for many years, the US government has kind of struggled with how to deal with it. Eventually, it became out of favor, it was basically outlawed and now we have a different situation. Where did this this concept or this kind of design actually emanate from?
David: Well, it's fascinating. In one sense, the Keiretsu who were created by the US government, most people [...]
Full transcript available at https://langleyesquire.com/keiretsu-why-foreign-companies-struggle-in-japan/
https://wn.com/Keiretsu_Why_Foreign_Companies_Struggle_In_Japan
In Japan, if you're working with one company, you’re working with many others. Should one company fall on harder times, then all the others contribute to make up for lost sales—acting very much like a family. We call these units “Keiretsu”, and they run the Japanese economy. Join David and Timothy as they dissect what so many foreign companies fail to realize.
Subscribe to the Langley Esquire YouTube channel for more weekly videos!
http://www.youtube.com/langleyesquire
Tokyo on Fire is also available on:
iTunes:
https://itunes.apple.com/us/podcast/tokyo-on-fire!/id981400702?mt=2
To learn more about Langley Esquire, visit our website:
http://www.langleyesquire.com
Transcript:
--
Timothy: Hi, everyone! Welcome back to Brand 2020. In this series, we examine Japan's attempt to brand itself, to project that brand image, outside of Japan and also inside to people who just live here. My guest today is David Russell, who is an author about many different facets of how Japan works. David, welcome again!
David: Thank you, Tim. Glad to be back.
Timothy: Today, I want to explore a little bit about Keiretsu, the Japanese conglomerates that in the past really molded and controlled how the Japanese economy worked. It's a little bit of a dead horse but it's an issue that you examined a long time ago and quite a bit of depth.
David: Yes, I did! As a matter of fact, it was my very first published book. That goes back a long time, maybe 25 years ago, I did a book called Keiretsu and it won all sorts of awards, because at that time the Keiretsu issue was a huge issue in US-Japan trade relations.
Timothy: Structural impediments talks, right? People tried to figure out why is this place so hard to crack. How come we've been knocking on the door; we're doing all of the things that the Japanese say we should do; we set up shop there; we hire people we invest money and it just doesn't seem to work. So, just to start from the beginning what actually is a Keiretsu?
David: That's a good question, Tim, because Keiretsu are not well understood. Even in Japan they're not well understood. Overseas, they're widely misunderstood: they have been misunderstood for decades. In general, a Keiretsu is a group of independent companies: they share a single corporate governance structure in the sense that they have a meeting of the presidents of each of the top companies. Maybe ,once a month all the presidents will get together in what is called a Shacho-Kai; and they have very often cross-shareholdings, not the way they used to, but they traditionally have shareholdings of each other's shares; the big horizontal Keiretsu always have a bank in the middle of this group, and so they're very connected through economic connections, as well as interlocking directorships, or their personal relationships between the companies. That means that it's more than just a sort of happenstance collection of companies: it becomes a real corporate group.
Timothy: It's a unique feature of the Japanese corporate economy, isn't it? Or was it one time?
David: We like to think it's unique: it's not as unique as we would wish it.
Timothy: But, it's not quite a monopoly either, right? It's more like a vertical integration...
David: It depends, there are different kinds of Keiretsu. First of all, they're horizontal Keiretsu, which I just mentioned. Horizontal Keiretsu used to be six big ones, they all had a bank at the centre and then there would be trading companies and mining companies, metal companies, and various companies in the groups around the bank: they look like a giant solar system. Then, there are vertical Keiretsu, who are individual members of those horizontal Keiretsu that were involved in manufacturing. Think of the auto companies, steel, camera companies, the electronics companies; underneath each one of those major companies in the horizontal Keiretsu, there would be a manufacturing, a vertical keiretsu, that could go down anywhere from five thousand to thirty thousand companies. So, each of those vertical Keiretsu was part of a big horizontal Keiretsu and we're talking about a huge chunk of the Japanese economy.
Timothy: Where did this start? I mean, it seems to be something that feels very Japanese. You and I, we've talked about this endlessly for many years, the US government has kind of struggled with how to deal with it. Eventually, it became out of favor, it was basically outlawed and now we have a different situation. Where did this this concept or this kind of design actually emanate from?
David: Well, it's fascinating. In one sense, the Keiretsu who were created by the US government, most people [...]
Full transcript available at https://langleyesquire.com/keiretsu-why-foreign-companies-struggle-in-japan/
- published: 13 Jun 2018
- views: 32406
10:31
Ubuntu in Economics: Japan's Keiretsu for wealth creation within communities | Economics Explained
- Order: Reorder
- Duration: 10:31
- Uploaded Date: 21 Jul 2020
- views: 5932
We will take a quick look at how the Japanese economy became a modern success, leveraging their communities and local talent to become a global superpower.
We will take a quick look at how the Japanese economy became a modern success, leveraging their communities and local talent to become a global superpower.
https://wn.com/Ubuntu_In_Economics_Japan's_Keiretsu_For_Wealth_Creation_Within_Communities_|_Economics_Explained
We will take a quick look at how the Japanese economy became a modern success, leveraging their communities and local talent to become a global superpower.
- published: 21 Jul 2020
- views: 5932
1:55
Why Keiretsu
- Order: Reorder
- Duration: 1:55
- Uploaded Date: 03 Sep 2020
- views: 674
Keiretsu Forum Pacific Northwest is the premiere angel investment group in the world. In this short video series, we took a look at why Keiretsu is a great choi...
Keiretsu Forum Pacific Northwest is the premiere angel investment group in the world. In this short video series, we took a look at why Keiretsu is a great choice for companies and investors alike.
https://wn.com/Why_Keiretsu
Keiretsu Forum Pacific Northwest is the premiere angel investment group in the world. In this short video series, we took a look at why Keiretsu is a great choice for companies and investors alike.
- published: 03 Sep 2020
- views: 674
8:44
Why (Almost) Nobody Invests in Japan - VisualPolitik EN
- Order: Reorder
- Duration: 8:44
- Uploaded Date: 29 May 2022
- views: 355025
Both in the economic field and in the political arena, Japan seems to be coming back into fashion. However, there is something that doesn't add up: despite ever...
Both in the economic field and in the political arena, Japan seems to be coming back into fashion. However, there is something that doesn't add up: despite everything, Japan is still one of the countries with the lowest Foreign Direct Investment in the world. Why do multinationals invest so little in Japan? Why does North Korea alone have less FDI in terms of GDP than the Land of the rising sun? Is it an opportunity? In this video made in collaboration with Value School, we tell you.
Join the VisualPolitik community and support us on Patreon: https://www.patreon.com/VisualPolitik
https://wn.com/Why_(Almost)_Nobody_Invests_In_Japan_Visualpolitik_En
Both in the economic field and in the political arena, Japan seems to be coming back into fashion. However, there is something that doesn't add up: despite everything, Japan is still one of the countries with the lowest Foreign Direct Investment in the world. Why do multinationals invest so little in Japan? Why does North Korea alone have less FDI in terms of GDP than the Land of the rising sun? Is it an opportunity? In this video made in collaboration with Value School, we tell you.
Join the VisualPolitik community and support us on Patreon: https://www.patreon.com/VisualPolitik
- published: 29 May 2022
- views: 355025
16:21
Dave Berkus - Keiretsu Forum- Best Advice Entrepreneurs Will Never Follow
- Order: Reorder
- Duration: 16:21
- Uploaded Date: 20 Oct 2022
- views: 158
A 15-minute dive into advice to entrepreneurs from the lens of an active early-stage investor. Dave turns the subject into a listing of six items in a checklis...
A 15-minute dive into advice to entrepreneurs from the lens of an active early-stage investor. Dave turns the subject into a listing of six items in a checklist of things never to do when seeking investment.
https://wn.com/Dave_Berkus_Keiretsu_Forum_Best_Advice_Entrepreneurs_Will_Never_Follow
A 15-minute dive into advice to entrepreneurs from the lens of an active early-stage investor. Dave turns the subject into a listing of six items in a checklist of things never to do when seeking investment.
- published: 20 Oct 2022
- views: 158
5:06
Understanding Keiretsu Networks
- Order: Reorder
- Duration: 5:06
- Uploaded Date: 30 Aug 2019
- views: 12822
Explain : Keiretsu Networks
Keiretsu is a business network composed of manufacturers, supply chain partners, distributors and financiers who remain financially...
Explain : Keiretsu Networks
Keiretsu is a business network composed of manufacturers, supply chain partners, distributors and financiers who remain financially independent but work closely together to ensure each other's success.
https://wn.com/Understanding_Keiretsu_Networks
Explain : Keiretsu Networks
Keiretsu is a business network composed of manufacturers, supply chain partners, distributors and financiers who remain financially independent but work closely together to ensure each other's success.
- published: 30 Aug 2019
- views: 12822
7:01
Intro to Keiretsu
- Order: Reorder
- Duration: 7:01
- Uploaded Date: 24 Jul 2015
- views: 1719
- published: 24 Jul 2015
- views: 1719
4:52
How Toyota Changed The Way We Make Things
- Order: Reorder
- Duration: 4:52
- Uploaded Date: 23 Aug 2018
- views: 1974054
The Japanese Car Company is a corporate behemoth - but it's done much more than just give us Corollas or Land Cruisers. It's changed the way the world makes pro...
The Japanese Car Company is a corporate behemoth - but it's done much more than just give us Corollas or Land Cruisers. It's changed the way the world makes products. Here's how.
Video by Tom Gibson
Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
https://wn.com/How_Toyota_Changed_The_Way_We_Make_Things
The Japanese Car Company is a corporate behemoth - but it's done much more than just give us Corollas or Land Cruisers. It's changed the way the world makes products. Here's how.
Video by Tom Gibson
Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
- published: 23 Aug 2018
- views: 1974054
6:06
What is Keiretsu? How It Works in Business, and Types
Keiretsu is a business network consisting of various companies that work together, have cl...
published: 28 Apr 2024
What is Keiretsu? How It Works in Business, and Types
What is Keiretsu? How It Works in Business, and Types
- Report rights infringement
- published: 28 Apr 2024
- views: 677
Keiretsu is a business network consisting of various companies that work together, have close relationships, and sometimes take small equity stakes in each other while remaining operationally independent. After rising to prominence post-World War II, keiretsus are structured as horizontal or vertical integration models. Their formation enables companies to enjoy several advantages, such as leveraging expertise and limiting competition, while facing some drawbacks due to large size and limited competition.
ee9c
14:53
What You Didn’t Know About Japan's Economy
Japan, a country in East Asia, witnessed a transformative economic shift led by the Zaibat...
published: 03 Oct 2023
What You Didn’t Know About Japan's Economy
What You Didn’t Know About Japan's Economy
- Report rights infringement
- published: 03 Oct 2023
- views: 5042
Japan, a country in East Asia, witnessed a transformative economic shift led by the Zaibatsu. These conglomerates played a pivotal role in shaping the nation's economic landscape. But how did they rise to such dominance? This video delves into the powerful entities that took control of Japan's economy, unravelling the story behind its meteoric ascent and lasting influence.
#japan #zaibatsu #japaneconomy
18:05
Keiretsu: Why Foreign Companies Struggle in Japan
In Japan, if you're working with one company, you’re working with many others. Should one ...
published: 13 Jun 2018
Keiretsu: Why Foreign Companies Struggle in Japan
Keiretsu: Why Foreign Companies Struggle in Japan
- Report rights infringement
- published: 13 Jun 2018
- views: 32406
In Japan, if you're working with one company, you’re working with many others. Should one company fall on harder times, then all the others contribute to make up for lost sales—acting very much like a family. We call these units “Keiretsu”, and they run the Japanese economy. Join David and Timothy as they dissect what so many foreign companies fail to realize.
Subscribe to the Langley Esquire YouTube channel for more weekly videos!
http://www.youtube.com/langleyesquire
Tokyo on Fire is also available on:
iTunes:
https://itunes.apple.com/us/podcast/tokyo-on-fire!/id981400702?mt=2
To learn more about Langley Esquire, visit our website:
http://www.langleyesquire.com
Transcript:
--
Timothy: Hi, everyone! Welcome back to Brand 2020. In this series, we examine Japan's attempt to brand itself, to project that brand image, outside of Japan and also inside to people who just live here. My guest today is David Russell, who is an author about many different facets of how Japan works. David, welcome again!
David: Thank you, Tim. Glad to be back.
Timothy: Today, I want to explore a little bit about Keiretsu, the Japanese conglomerates that in the past really molded and controlled how the Japanese economy worked. It's a little bit of a dead horse but it's an issue that you examined a long time ago and quite a bit of depth.
David: Yes, I did! As a matter of fact, it was my very first published book. That goes back a long time, maybe 25 years ago, I did a book called Keiretsu and it won all sorts of awards, because at that time the Keiretsu issue was a huge issue in US-Japan trade relations.
Timothy: Structural impediments talks, right? People tried to figure out why is this place so hard to crack. How come we've been knocking on the door; we're doing all of the things that the Japanese say we should do; we set up shop there; we hire people we invest money and it just doesn't seem to work. So, just to start from the beginning what actually is a Keiretsu?
David: That's a good question, Tim, because Keiretsu are not well understood. Even in Japan they're not well understood. Overseas, they're widely misunderstood: they have been misunderstood for decades. In general, a Keiretsu is a group of independent companies: they share a single corporate governance structure in the sense that they have a meeting of the presidents of each of the top companies. Maybe ,once a month all the presidents will get together in what is called a Shacho-Kai; and they have very often cross-shareholdings, not the way they used to, but they traditionally have shareholdings of each other's shares; the big horizontal Keiretsu always have a bank in the middle of this group, and so they're very connected through economic connections, as well as interlocking directorships, or their personal relationships between the companies. That means that it's more than just a sort of happenstance collection of companies: it becomes a real corporate group.
Timothy: It's a unique feature of the Japanese corporate economy, isn't it? Or was it one time?
David: We like to think it's unique: it's not as unique as we would wish it.
Timothy: But, it's not quite a monopoly either, right? It's more like a vertical integration...
David: It depends, there are different kinds of Keiretsu. First of all, they're horizontal Keiretsu, which I just mentioned. Horizontal Keiretsu used to be six big ones, they all had a bank at the centre and then there would be trading companies and mining companies, metal companies, and various companies in the groups around the bank: they look like a giant solar system. Then, there are vertical Keiretsu, who are individual members of those horizontal Keiretsu that were involved in manufacturing. Think of the auto companies, steel, camera companies, the electronics companies; underneath each one of those major companies in the horizontal Keiretsu, there would be a manufacturing, a vertical keiretsu, that could go down anywhere from five thousand to thirty thousand companies. So, each of those vertical Keiretsu was part of a big horizontal Keiretsu and we're talking about a huge chunk of the Japanese economy.
Timothy: Where did this start? I mean, it seems to be something that feels very Japanese. You and I, we've talked about this endlessly for many years, the US government has kind of struggled with how to deal with it. Eventually, it became out of favor, it was basically outlawed and now we have a different situation. Where did this this concept or this kind of design actually emanate from?
David: Well, it's fascinating. In one sense, the Keiretsu who were created by the US government, most people [...]
Full transcript available at https://langleyesquire.com/keiretsu-why-foreign-companies-struggle-in-japan/
10:31
Ubuntu in Economics: Japan's Keiretsu for wealth creation within communities | Economics Explained
We will take a quick look at how the Japanese economy became a modern success, leveraging ...
published: 21 Jul 2020
Ubuntu in Economics: Japan's Keiretsu for wealth creation within communities | Economics Explained
Ubuntu in Economics: Japan's Keiretsu for wealth creation within communities | Economics Explained
- Report rights infringement
- published: 21 Jul 2020
- views: 5932
We will take a quick look at how the Japanese economy became a modern success, leveraging their communities and local talent to become a global superpower.
1:55
Why Keiretsu
Keiretsu Forum Pacific Northwest is the premiere angel investment group in the world. In t...
published: 03 Sep 2020
Why Keiretsu
Why Keiretsu
- Report rights infringement
- published: 03 Sep 2020
- views: 674
Keiretsu Forum Pacific Northwest is the premiere angel investment group in the world. In this short video series, we took a look at why Keiretsu is a great choice for companies and investors alike.
8:44
Why (Almost) Nobody Invests in Japan - VisualPolitik EN
Both in the economic field and in the political arena, Japan seems to be coming back into ...
published: 29 May 2022
Why (Almost) Nobody Invests in Japan - VisualPolitik EN
Why (Almost) Nobody Invests in Japan - VisualPolitik EN
- Report rights infringement
- published: 29 May 2022
- views: 355025
Both in the economic field and in the political arena, Japan seems to be coming back into fashion. However, there is something that doesn't add up: despite everything, Japan is still one of the countries with the lowest Foreign Direct Investment in the world. Why do multinationals invest so little in Japan? Why does North Korea alone have less FDI in terms of GDP than the Land of the rising sun? Is it an opportunity? In this video made in collaboration with Value School, we tell you.
Join the VisualPolitik community and support us on Patreon: https://www.patreon.com/VisualPolitik
16:21
Dave Berkus - Keiretsu Forum- Best Advice Entrepreneurs Will Never Follow
A 15-minute dive into advice to entrepreneurs from the lens of an active early-stage inves...
published: 20 Oct 2022
Dave Berkus - Keiretsu Forum- Best Advice Entrepreneurs Will Never Follow
Dave Berkus - Keiretsu Forum- Best Advice Entrepreneurs Will Never Follow
- Report rights infringement
- published: 20 Oct 2022
- views: 158
A 15-minute dive into advice to entrepreneurs from the lens of an active early-stage investor. Dave turns the subject into a listing of six items in a checklist of things never to do when seeking investment.
5:06
Understanding Keiretsu Networks
Explain : Keiretsu Networks
Keiretsu is a business network composed of manufacturers, sup...
published: 30 Aug 2019
Understanding Keiretsu Networks
Understanding Keiretsu Networks
- Report rights infringement
- published: 30 Aug 2019
- views: 12822
Explain : Keiretsu Networks
Keiretsu is a business network composed of manufacturers, supply chain partners, distributors and financiers who remain financially independent but work closely together to ensure each other's success.
4:52
How Toyota Changed The Way We Make Things
The Japanese Car Company is a corporate behemoth - but it's done much more than just give ...
published: 23 Aug 2018
How Toyota Changed The Way We Make Things
How Toyota Changed The Way We Make Things
- Report rights infringement
- published: 23 Aug 2018
- views: 1974054
The Japanese Car Company is a corporate behemoth - but it's done much more than just give us Corollas or Land Cruisers. It's changed the way the world makes products. Here's how.
Video by Tom Gibson
Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.
Keiretsu
A keiretsu (系列, literally system, series, grouping of enterprises, order of succession) is a set of companies with interlocking business relationships and shareholdings. It is a type of informal business group. The keiretsu maintained dominance over the Japanese economy for the last half of the 20th century.
The member companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in innovative projects. It is a key element of the automotive industry in Japan.
History
The corporate governance of Japan dates back to the 19th century, much of which was propelled by the formation of the Meiji Restoration in 1866 by the Japanese government, the same time when the world entered the Industrial Revolution. These formations were termed zaibatsu. Prior to the war, Japan remained dominated by four major zaibatsu: Mitsubishi, Sumitomo, Yasuda and Mitsui. They focused on steel, banking, international trading and various other key sectors in the economy, all of which was controlled by a holding company. Apart from this, they remained in close connection to influential banks that provided funding to their various projects.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Keiretsu
What is Keiretsu? How It Works in Business, and Ty...
What You Didn’t Know About Japan's Economy...
Keiretsu: Why Foreign Companies Struggle in Japan...
Ubuntu in Economics: Japan's Keiretsu for wealth c...
Why Keiretsu...
Why (Almost) Nobody Invests in Japan - VisualPolit...
Dave Berkus - Keiretsu Forum- Best Advice Entrepre...
Understanding Keiretsu Networks...
Intro to Keiretsu...
How Toyota Changed The Way We Make Things...
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Gourds
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
-
by Grey Daze
God's House
by: GourdsWhen you walk out of god's house
Don't complain
You've got yer gold and silver
And you've got yer pretty girl
When you walk out of god's house
Don't complain
When you trade yer money for her
Don't be ashamed
Forget yer lonely room
And yer cheap cheap solitude
When you trade yer money for her
Don't be ashamed
When his hand falls to guide you
Don't be afraid
He'll give you seeds of sorrow
To shake and make it right
When his hand falls to guide you
Don't be afraid
Latest News for: keiretsu
Edit
Keiretsu Forum Mid-Atlantic, South-East, Texas’ Investor Capital Expo Honors Top Startups with the Stephen M. ...
Edit
Keiretsu Forum’S Last Call For The 2024 Investor Capital Expo
(MENAFN - GlobeNewsWire - Nasdaq) Event to Feature Expert Panel on Early-Stage Investing and Presentation of the Stephen M. Goodman Most Valued Company AwardPHILADELPHIA, Oct. 22, 2024 (GLOBE ... .
Edit
Keiretsu Forum Announces Dr. Martin Gershon as Keynote Speaker for 2024 Investor Capital Expo
This signature event in early-stage investment community will be held on October 31, 2024, at Convene City View in Philadelphia ... .
Edit
Keiretsu Forum Investor Capital Expo: A Must-Attend Event for Angel Investors, Family Offices, and Venture ...
The upcoming event offers a rare opportunity for accredited investors to engage directly with early-stage portfolio companies with a completed DD package ... .
Edit
The Eagle-Tribune
25 Sep 2024
Keiretsu Forum Investor Capital Expo: A Must-Attend Event for Angel Investors, Family Offices, ...
The Eagle-Tribune
25 Sep 2024
Edit
Registration Now Open For The Keiretsu Forum�2024 Investor Capital Expo In Philadelphia
Edit
Registration Now Open for the Keiretsu Forum 2024 Investor Capital Expo in Philadelphia
Edit
Square Enix's Failed Shooter Is Going Free-To-Play Later This Year
Remember Foamstars? Nooh. Well, okay, uh, shit, I was really counting on you at least partially remembering it. Foamstars, released in February, is Square Enix’s PvP PlayStation game featuring colorful characters shooting foam at each other ... CC. Share.
Edit
Keiretsu Forum Mid-Atlantic, South-East and Texas Announces Latest Liquidity Event with SWIR Vision Systems
This acquisition marks a significant milestone for Keiretsu Forum members and the investment community.
Edit
Endeavor Venture Funds and Keiretsu Forum Forge Strategic Alliance to�Enhance Early-Stage Investment Opportunities
PHILADELPHIA, July 02, 2024 (GLOBE NEWSWIRE) -- Endeavor Venture ...
Edit
WeWork Founder Adam Neumann Abandons Bid to Regain Control of the Company
Adam Neumann is going to end his effort to buy WeWork. The Wall Street Journal reports that the company’s once-jettisoned founder has changed his mind about trying to regain control of it. Read more... .
Edit
Keiretsu Forum Sponsors Quix Labs at the Innovation Funders Showcase During Angel Capital Association's Annual Summit
Edit
Keiretsu Forum Regions Demonstrate Investment Stability Amidst Industry-Wide Downturns
- 1
- 2
- Next page »