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Neo-liberalism vs. Communitarian Capitalism: Japan's Dilemma

Published online by Cambridge University Press:  07 May 2025

Chan Chee Khoon
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Sakakibara Eisuke, a former Vice Minister of Finance for International Affairs and currently Professor of Economics at Keio University (Tokyo), has described the Japanese economy as 10% capitalist and 90% “socialist”. He was of course contrasting the internationally competitive sectors of Japanese manufacturing industry (automobiles, computers and consumer electronics, integrated circuits, industrial robots (mechatronics) and other industrial machinery, steel, chemicals) with the protected domestic sectors (agriculture, banks and financial services, transportation, retailing, healthcare, etc) which have frequently been portrayed as overly-regulated, protected, and inefficient.

Type
Research Article
Information
Asia-Pacific Journal , Volume 3 , Issue 9 , September 2005 , e23
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Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
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Copyright © The Authors 2005