Posted inJapan

Toshiba scandal evokes bad old days of Japan Inc

The phrase “Japan Inc” – referring to the close relationship between the country’s trade ministry and its hand-picked corporate winners – fell out of favor after the economic downturn of the 1990s. Helping to date the term were structural and legal reforms to revitalize Japan’s flagging economy. The reforms purported to decouple corporations from policymakers, […]