In characterizing the Japanese way of business, Professor Okumura has made one of the most significant contributions to the study of economics. Following his study of the conversion of pre-war zaibatsu to post-war groups of enterprises, he investigates the roll of comprehensive trading companies in these groups, the main banking system and the permanent employment system. However, he has been very critical of this way of business, whereas those influenced by him have enthusiastically propagated his theory without reservation. This is the first English translation of his work.

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