Definition: 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.
Terms Related to Keiretsu System
Writing a Term Paper or High School / College Essay? Here are a few starting points for research on Keiretsu System:Journal Articles on Keiretsu System