Definitions for keiretsukeɪˈrɛt su
This page provides all possible meanings and translations of the word keiretsu
A set of Japanese companies with interlocking business relationships and shareholdings.
A keiretsu is a set of companies with interlocking business relationships and shareholdings. It is a type of informal business group. The keiretsu maintained dominance over the Japanese economy for the greater half of the 20th century. The member companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in innovative projects. It is a key element of the automotive industry in Japan.
Sample Sentences & Example Usage
The Toyota way is the high-cost way, keiretsu doesn’t work anymore. If we stick with it, Daihatsu won't survive. Toyota might face a similar fate, too.
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