Toward Japanese-Type Multinational Corporations

Kiyoshi Yamazaki, Noritake Kobayashi and Teruo Doi

Japanese Economy, 1977, vol. 5, issue 4, 41-70

Abstract: Presumably no other people are as fond as the Japanese of forming "joint ventures," particularly "fifty-fifty joint corporations" in doing international business. On June 6, 1968, the Japanese Government took the first step in its "Five-Year Capital Liberalization Plan" and at the same time issued a ten-point demand (known as Ten Commandments to foreigners) for foreign investors in Japan. And its first article shows very clearly the Japanese inclination for joint ventures in expressly insisting that "direct investment in Japan shall, for the time being, make it the rule to take the form of joint venture on equal footing so as to promote coprosperity with Japanese business."

Date: 1977
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DOI: 10.2753/JES1097-203X050441

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