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see zaibatsuzaibatsu
[Jap.,=money clique], the great family-controlled banking and industrial combines of modern Japan. The leading zaibatsu (called keiretsu after World War II) are Mitsui, Mitsubishi, Dai Ichi Kangyo, Sumitomo, Sanwa, and Fuyo.
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In Japan, a strong alliance of related organizations that shares knowledge and cooperates to control its sector of the business, including the supply chain and distribution. Meaning "series," the "horizontal" Keiretsu are six major banks, such as the Mitsui Group and Sumitomo Group. "Vertical" Keiretsu are industry consortia, such as the Toyota Group, Honda Group, Hitachi and Toshiba. The Japanese government is involved and supportive. See interfirm network.
References in periodicals archive ?
In August 2004, TAR Deputy Chairman Wu Jilie told visiting Western journalists that not displaying the Dalai Lama's photo was the voluntary choice of most TAR residents.
Li Jilie, president, China Comfort and several senior level executives from Rosenbluth International including Hal Rosenbluth, chairman and CEO, Alex Wasilov, president and Pieter Rieder, vice president, Strategic Markets.