Japanese-Style Capitalism

The Editors

Japanese Economy, 1996, vol. 24, issue 4, 13-21

Abstract: The reader may have wondered why the author has gone back in history to 1868 when he is supposed to be looking at the contemporary economy. The reason for the history is I wanted to show that—in an essential sense—the command mechanism of Japan's economic system has not changed despite some major changes over the years in the economic system. The Japanese economy is still ruled top down. The ruling class (top) rules the country from above, and the masses (down) obey the orders from above. Though the top has changed a number of times, the basic scheme has not.

Date: 1996
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DOI: 10.2753/JES1097-203X240413

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