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The Keiretsu and the Japanese Economy

Published online by Cambridge University Press:  07 May 2025

R Taggart Murphy
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“So, how do you like Japan, Mr. Binney?'

The scene: a party at the Sumitomo Bank back in 1984 for the new manager of Chase Manhattan's Tokyo branch where I was then working.

Whoops. Most of us from Chase looked at the floor while our hosts tittered politely. Our manager should have said he enjoyed Asahi Beer, not Sapporo. Because Asahi was the Sumitomo group brewer and naturally the Sumitomo Bank served as the company's socalled “main bank”. At that time, Sumitomo Bank was regularly seconding its own people to the then-troubled beer maker including two of its presidents.

Type
Research Article
Information
Asia-Pacific Journal , Volume 6 , Issue 6 , June 2008 , e15
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2008