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Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Competition in Japan

  • Michael E. Porter
  • Mariko Sakakibara
Journal of Economic Perspectives
vol. 18, no. 1, Winter 2004
(pp. 27–50)
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Abstract

This article examines competition in Japan and its link to postwar economic prosperity. While Japan's industrial structure and competition policy seem to indicate that competition in Japan has been less intense, the empirical evidence does not support this conclusion. The sectors in which competition was restricted prove to be those where Japan was not internationally successful. In the internationally successful sectors, internal competition in Japan was invariably fierce. While the level of competition in Japan is currently rising, economic recovery is still hindered by distortions in the competition in many industries.

Citation

Porter, Michael, E., and Mariko Sakakibara. 2004. "Competition in Japan ." Journal of Economic Perspectives, 18 (1): 27–50. DOI: 10.1257/089533004773563421

JEL Classification

  • L10 Market Structure, Firm Strategy, and Market Performance: General
  • L16 Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
  • L40 Antitrust Issues and Policies: General
  • L52 Industrial Policy; Sectoral Planning Methods
  • L60 Industry Studies: Manufacturing: General
  • N45 Economic History: Government, War, Law, International Relations, and Regulation: Asia including Middle East
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