japan inc
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Japan Inc. A Miracle A Model: The East Asian Strategy From: http://benmuse.typepad.com/ben_muse/2005/11/changes_in_inco.html. Economic Philosophy. Nationalism/Protectionism Exports. Rich Nation, Poor People. “Salaryman”Capsule Hotels. What is Japan Inc.?. Business-Government relations - PowerPoint PPT PresentationTRANSCRIPT
Japan Inc.• A Miracle• A Model: The East Asian Strategy
• From: http://benmuse.typepad.com/ben_muse/2005/11/changes_in_inco.html
Economic Philosophy• Nationalism/Protectionism • Exports
Rich Nation, Poor People“Salaryman” Capsule Hotels
What is Japan Inc.?1. Business-Government relations2. Industry-Industry relations3. Labor-Management relations
Business-Government relations
• Partnership• Yoshida Doctrine• “GNPism”
• Yoshida Shigeru• PM 1946-7, 1948-54
Administrative GuidanceMinistry of Economy, Trade, and Industryformerly Ministry of International Trade and Industry (MITI)•The Visible Hand?
2. Industry-Industry relationsPre-war Zaibatsu• Mitsui• Mitsubishi• Sumitomo (Mazda, NEC)• Yasuda (dismantled post-WW II)
Post-War Keiretsu
From: http://www.wtec.org/loyola/polymers/c7_s7.htm
3. Labor-Management Relations
• 1950s: the end of independent unions• Company Unions• Lifetime Employment
Dilemmas• Inflexibility• Protectionism and competition• Innovation?
Collapse of Bubble Economy, 1990
Pay back loans
Build factories Loans Hire people
Buy land Build offices
Pay back Loans
Banks
Government
Companies
GDP Growth in Japan1956-2008
Japanese GDP
From Sian Fenner, The Japanese economy and future growth prospects, Department of the Treasury, Australia, http://www.treasury.gov.au/documents/817/HTML/docshell.asp?URL=05_article_4.asp
Another Look
From: http://japanjapan.blogspot.com/2008/02/japan-q4-2007-gdp.html
GDP Growth 1980-2013