Institutional Restructuring in the Japanese Economy 1985-1996

Kazuyoshi Matsuura, Michael Pollitt, Ryoji Takada and Satoru Tanaka

Working Papers from Centre for Business Research, University of Cambridge

Abstract: The question we seek to address is: what effect has economic turbulence since 1985 had on three of the institutional foundations of post-war Japanese industrial success? First, we examine the Japanese 'main bank' system whereby a 'main' bank is involved in a special type of long-term relationship with the non-financial firms that it lends to. Second, we look at the close inter-corporate relationships between main manufacturing firms and their suppliers. And third, we consider the nature of Japanese industrial policy and the interventionist role of the Ministry of International Trade and Industry (MITI) and the relatively weak role of Japanese competition policy under the authority of the Japan Fair Trade Commission (JFTC). In each case we present evidence which suggests that these institutional foundations of the post-war Japanese economy have been fundamentally weakened over the period we look at.

Keywords: main bank system; buyer-supplier relationships; industrial policy; competition policy; Japanese economy. (search for similar items in EconPapers)
JEL-codes: E65 G21 L22 L40 P17 (search for similar items in EconPapers)
Date: 1999-03
Note: PRO-1
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.jbs.cam.ac.uk/wp-content/uploads/2023/05/cbrwp115.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp115

Access Statistics for this paper

More papers in Working Papers from Centre for Business Research, University of Cambridge
Bibliographic data for series maintained by Ruth Newman ().