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What gradually developed into vast companies that controlled major segments of the Japanese industrial sector?
Wiki User
∙ 12y ago
The zaibatsu
Wiki User
∙ 12y ago
The keiretsu system, which are groups of interlinked companies with cross-shareholdings, formed in Japan and played a key role in the development of large industrial conglomerates that dominated the economy. These conglomerates were able to control major segments of the Japanese industrial sector by leveraging their close relationships with suppliers, distributors, and financial institutions. Over time, this system allowed these companies to achieve economies of scale, access to resources, and competitive advantages in the global market.
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