Things — economic phenomena — change so rapidly in Japan these days that what are at the moment considered the most up-to-date developments are doomed to be outdated practically overnight. In 1985, I completed a report on Japan’s small multinationals for UNCTAD1 and thought I had captured the latest developments so that there would be no immediate need to update my analysis for a while, but my more recent trips to Japan have made me realise that more exciting changes are in the making in Japan’s small business sector, along with its large business sector — especially under the pressure of the ever-soaring yen, the pressure that has been letting market forces dictate the course of the Japanese economy in an unprecedented fashion.


Host Country Small Firm Large Corporation Small Manufacturer Japanese Firm 
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    Osawa (1985). Also see Terutomo Ozawa, Multinationalism, Japanese Style: The Political Economy of Outward Dependency (Princeton: Princeton University Press, 1979).Google Scholar
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Copyright information

© Peter J. Buckley, Jaime Campos, Hafiz Mirza and the estate of Eduardo White 1997

Authors and Affiliations

  • Terutomo Ozawa

There are no affiliations available

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