Definition of keiretsu in English:
noun (plural same)
(In Japan) a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.
- He said Singapore banks should avoid the problem now posed by Japan's keiretsu system, which links a group of companies with a main bank.
- Once bitter rivals, they were effectively forced together as the unwinding of Japan's keiretsu led to increased rivalry at home.
- Until the mid-1990s about half of equities in Japan were held by banks, a legacy of the keiretsu cross-shareholding networks.
Japanese, from kei 'systems' + retsu 'tier'.
Definition of keiretsu in:
- British & World English dictionary
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