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The Fable of the KeiretsuUrban Legends of the Japanese Economy$
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Yoshiro Miwa and J. Ramseyer

Print publication date: 2006

Print ISBN-13: 9780226532707

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226532721.001.0001

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The Fable of the Keiretsu

The Fable of the Keiretsu

Chapter:
(p.6) Chapter Two The Fable of the Keiretsu
Source:
The Fable of the Keiretsu
Author(s):

J. Mark Ramseyer

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226532721.003.0002

This chapter evaluates the concept of Japanese insular business alliances called keiretsu. It analyzes whether information about keiretsu matches business data from Japan and examines the so-called vertical keiretsu. The analysis reveals that there are no keiretsu and never have been any. At root, the keiretsu instead represent a fable about the mythical vision of the Japanese economy.

Keywords:   keiretsu, insular business alliances, Japan, business data, fable, Japanese economy

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