noun
- plural of keiretsu; large Japanese business groups or conglomerates consisting of multiple companies linked by cross-shareholding and coordinated management.
Usage: business/economics term; plural form; singular is 'keiretsu'; Japanese loanword
Examples
- Japanese keiretsus like Mitsubishi and Sumitomo have historically dominated their nation's economy.
- The keiretsus system created strong ties between manufacturers, suppliers, and financial institutions.
- Many Western companies struggled to compete with the integrated keiretsus in the automotive industry.
- The structure of keiretsus differs significantly from typical Western corporate hierarchies.
- Deregulation in Japan has weakened some traditional keiretsus over the past two decades.