Sentences with phrase «keiretsu corporations»
Starting in the 1950s and accelerating during Japan's bubble, keiretsu corporations purchased each other's shares to form an extensive network of cross-holdings, a practice that was seen as important for guaranteeing long - term stability and developing lasting business relationships.
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Typical keiretsu conglomerates were arranged in the form of a series of interlocking industrial corporations organized around a Japanese bank, which provided banking and financial services to the industrial corporations.