Regrouping; Japan's keiretsu; Japan's keiretsu under strain.(Business)(Brief Article)

From: The Economist (US) | Date: November 25, 2000 | Copyright information

ARE Japan's keiretsu, the shadowy business groups that have long bound banks, trading houses and industrial firms into loosely knit conglomerates, about to unravel? A recent spate of financial mergers had suggested their imminent collapse, as the banks that played a central role within them as suppliers of cheap capital merged with house banks from rival keiretsu. But other recent deals, including a merger between Sumitomo Chemical and Mitsui Chemical announced on November 17th, hav...

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