Abstract
As a thesis, Japan, Incorporated is not of Japanese design. Back in the late 1960s when Japan rose to be the second largest economic power, ranking next to the United States in the free world and ahead of West Germany in terms of GNP while continuing to surpass a number of Western nations in per capita national income, with its productive force in major industrial products already at the top level in the world, Japan observers abroad and foreign journalists who were interested in the superb growth performance of the postwar Japanese economy noted that Japan, Incorporated represented the system of close-knit cooperation between government and business which is at the core of Japan's outstanding economic growth.
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