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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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Legends of Government Guidance

Legends of Government Guidance

(p.115) Chapter Six Legends of Government Guidance
The Fable of the Keiretsu

J. Mark Ramseyer

University of Chicago Press

This chapter examines “legends” about Japanese government guidance to businesses. It reviews literature on the power of the Japanese government and outlines how Japanese courts treat bureaucratic intervention and how the government regulated this. This chapter also discuss the loan program and limits on foreign exchange transactions that the government purportedly used to enforce its will. The analysis reveals that the Japanese government never seriously guided or intervened in the Japanese economy.

Keywords:   Japanese government, businesses, bureaucratic intervention, loan program, foreign exchange transactions

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