and Their Major Banks Source: Industrial Groupings of Japan (2000-2001) Mitsubishi Group Bank ofTokyo-Mitsubishi Mitsubishi Trust & Banking Nippon Trust Bank Mitsui Group Sakura Bank Mitsui Trust & Banking Sumitomo Group Sumitomo Bank Sumitomo Trust & Banking Fuyo Group Fuji Bank Yasuda Trust & Banking DKB Group Dai-Ichi Kangyo Bank Sanwa Group Sanwa Bank Toyo Trust & Banking Tokai Group Tokai Bank Chuo Trust & Banking Traditionally, the overall function of Japanese keiretsu
is to provide support for industrial organization to group members (Gilson and Roe, 1993) and facilitate the pursuit of a desired mode of output distribution (Nakatani, 1984).
Most importantly, the main contribution of this study is the examination of the influence of the unique organization structure, the horizontal keiretsu
, on reinsurance demand for a sample of Japanese non-life insurance companies during 1974-2010.
Government deregulation, the loosening of keiretsu
ties, falls in distribution cost, improvement(s) in the availability of qualified personnel and changing consumer preferences have helped foreign investors.
In Japan big companies provide space and money for creativity and new product development.However this only happens in the traditional environment and strengthens the power of existing keiretsu
the huge Japanese business conglomerates.
After the war, the old zaibatsu banks formed the core of new business associations called keiretsu
, whose member companies hold equity stakes in each other's firms sharing voting rights and deciding policy in 'President's Assembly' (shacho-kai), regular meetings conducted confidentially among member chairmen, presidents and directors.
: A Japanese business expression that describes the principle of interlocking operating relationships between companies.
But recent studies suggest emergent American practices differ from traditional Japanese vertical keiretsu
Alliance of Angels, Frontier Angels, Keiretsu
Forum Northwest, Sand Hill Angels and Wings were the other investors in Cadence Biomedical.
The International Investment Forum (IIF) has been created through a partnership between BSPA, global communications giant Cisco and the Keiretsu
Forum, the world's largest angel investment organisation.
Vogel's central conclusion is that pressure to liberalize the Japanese economy after its near collapse in the 1990s has been limited by the historical legacies of the main bank system, supplier-manufacturer loyalty, and the organization of industry through keiretsu
This all brings to mind the Japanese concept of keiretsu
, where groups of affiliated companies work in concert, in theory to their mutual advantage.
Suppliers to Weichai Power and Toyota Keiretsu
(meaning a network of mutually supportive companies) such as Denso, Toyota Boshoku Aisin Seiki are also on the top ten buyer list, along with large, global European suppliers like ZF Friedrichshafen, SKF Group and BASF.