Large business combinations in Japan are carried out through reciprocal ownership of common stock. These are called:

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Keiretsu is a form of business grouping in Japan where large companies form mutually beneficial relationships through the reciprocal ownership of common stocks. This allows the companies within the Keiretsu to have access to each other's resources and often results in a collaborative approach to business operations. Conglomerates and industrial houses are more general terms for large business entities that may or may not utilize reciprocal ownership, while chaebols are a similar concept but specific to South Korea.

Large Business Combinations in Japan Are Carried Out Through Reciprocal