Definition

A group of companies in Japan that are connected through ownership and shareholding, working together for mutual benefit and security.

Example

The keiretsu system helps Japanese companies collaborate and support each other in the market.

Conversation

Have you heard about the concept of keiretsu in Japanese business?

Yeah, it's interesting how companies can support each other like that.

Right? It's like a safety net for them, especially during tough times.

Exactly! The keiretsu system really fosters long-term relationships.

Synonyms & Antonyms

Root Explanation

The word 'keiretsu' originates from Japanese (けいれつ), meaning a system of interlinked businesses or corporations. It describes a network of companies that work together to achieve mutual benefits.

Memory Tip

Think of a 'network' of businesses that are 'linked' together, which helps you remember that 'keiretsu' refers to a group of interconnected companies.

Visually Confused Words