JapAnglo-Saxon capitalism

Like Toyota Pirus, Japan is going hybrid synergizing Japanese and American best practices. Japan has both embrassed and rejected American capitalism.

How prevalent is the hybrid model? Gregory Jackson, an expert on international comparisons of corporate governance at King's College London, and Hideaki Miyajima of Waseda University analysed data on 723 Japanese companies gathered by the finance ministry and identified three clusters: 24% had adopted hybrid models; 42% were traditional Japanese firms; and the other 34% were somewhere in-between. On average, notes Mr Jackson, hybrid companies performed significantly better (measured by return on assets) than traditional Japanese firms or those in the intermediate group.