Japanese Economy
Central in the Japanese economy is the family approach. Somebody who joins a company joins a family. And there are "families" of companies. The three sacred treasures makes this Since you know that you are going to work in the same company until you retire you care much more for that the company is doing well. If the company is doing well you get bonus(can be considered profit sharing). Up to 30 % of the wage is bonus-based. In Japan they have so called J-mode (not H-mode as in the US and European corporations with hierarchy) meaning that there is horizontal communications between management and workers. The fact that difference in wages are relatively small and that managers often have been workers themselves before enables good relations between management and workers. So when a decision is to be made everyone is involved because everyone cares. Another element of lifetime- employment is that the company teaches you how to work in many different ways within the company, but the workers know little about how to work in other companies so this creates a loyalty to the compa
world-leading economy it is now much further behind. protects it from international rivals. They wouldnīt for example let the US export rice to speculate in property and stock markets. The government didnīt react in time to stop this This vertical keiretsu system makes sure that suppliers are from Japan, which brings me to the
Some common words found in the essay are:
H-mode European, Honda Sony, Japan Japans, Central Japanese, vertical keiretsu, horizontal keiretsu, companies sacred treasures, companies sacred, keiretsu companies, sacred treasures, lifetime employment, management workers, employment company, horizontal keiretsu companies, keiretsu system, keiretsu horizontal keiretsu, keiretsu horizontal, vertical keiretsu horizontal,
Approximate Word count = 785
Approximate Pages = 3 (250 words per page double spaced)
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