What does keiretsu mean?
A keiretsu is a Japanese business network characterized by interlocking relationships and shareholdings between companies. This concept is central to understanding the Japanese economy, where keiretsu have played a significant role in shaping the country's industrial and financial landscape. The term is often associated with the post-war Japanese economic miracle and is still used today to describe the complex web of relationships between Japanese companies. Keiretsu can provide member companies with access to resources, expertise, and markets, but may also limit competition and innovation. As a result, the concept of keiretsu remains an important area of study in the fields of business, economics, and international relations.
nounA keiretsu is a Japanese business network or conglomerate, typically consisting of companies with interlocking business relationships and shareholdings.
- A Japanese business network
- A conglomerate with interlocking relationships
"The company's inclusion in the keiretsu provided it with access to a network of suppliers and distributors."
"The keiretsu dominated the Japanese economy for decades."
"Membership in the keiretsu was highly sought after by smaller companies."
Used to refer to multiple business networks or conglomerates
"The keiretsus that dominated the Japanese economy for decades have begun to decline in influence."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of keiretsu
The term keiretsu originates from the Japanese language, with 'kei' meaning 'system' or 'series' and 'retsu' meaning 'line' or 'row'. The concept of keiretsu has its roots in the post-war Japanese economy, where it emerged as a key feature of the country's industrial and financial landscape.
How keiretsu is actually used
The term keiretsu is often used in the context of Japanese business and economics, and may have connotations of exclusivity or cronyism.