A New and Strong Japan Emerges

By • on December 27, 2017

An article on the Japan Times website noted that the ownership structure of corporate Japan has changed from a closed, insider-based system to an open and competitive system. Today, corporate Japan has liberated itself from the group-ownership straitjacket, and has turned from a membership-only closed club to an open-for-business structure.  This new openness is made possible by the removal of the cross-shareholdings structure. Japan Inc. has turned from being closed and insider-focused to being open for not just business but open for new strategic partnerships, open innovation and letting core-competence assets sweat like never before.

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Image via Flickr.

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