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He need for the banks to play a central role could not be avoided as the new system would rely on investment in the economy and support from the banks. Prior to this change the economic structure of Japan resembled the Anglo-American model of capitalism (Chyssides, 1993).
The basis of Japanese capitalism adopted a different set of strategic objectives; longer term strategic thinking became the main priority. Emphasis was also placed on partnership and consensus, low-cost capital, overseas investment and required returns on ventures were also known leaving more room for further investment (Ishinomori et al, 1996, Sakakibara et al, 1993)...
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