The Japanese economy is dominated by "keiretsu." What are these?

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Keiretsu refers to a type of corporate conglomerate in Japan, where a group of companies within the same industry or sector are linked together by cross-shareholding and other financial arrangements. This allows for collaboration and mutual support among the companies, often with a dominant bank or trading company as the core of the keiretsu. Keiretsu have historically played a significant role in the Japanese economy, with some of the largest and most influential companies in Japan being part of one.

The Japanese Economy Is Dominated by "Keiretsu