Definition of The Keiretsu System:
The keiretsu system is the framework of relationships in postwar Japan's big banks and big firms.
Related companies organized around a big bank (like Mitsui, Mitsubishi, and
Sumitomo) which own a lot of equity in one another and in the bank and do much
business with one another. The keiretsu system has the virtue of maintaining long
term business relationships and stability in suppliers and customers. The keiretsu system has
the disadvantage of reacting slowly to outside events since the players are
partly protected from the external market.
(Econterms)
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