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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 Cost of Kipling

The Cost of Kipling

(p.147) Chapter Seven The Cost of Kipling
The Fable of the Keiretsu

J. Mark Ramseyer

University of Chicago Press

This chapter sums up the key findings of this study about some of the myths about the Japanese economy. It confirms that the fables about Japanese bureaucrats, keiretsu, main banks, and systematically misgoverned firms are just fables with no factual basis or data to support them. This chapter also provides an analysis of the possible causes of the economic crisis in Japan in the 1990s.

Keywords:   Japanese economy, bureaucrats, keiretsu, main banks, misgoverned firms, economic crisis, Japan

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