A network of businesses that own stakes in one another as a means of mutual security, especially in Japan, and usually including large manufacturers and their suppliers of raw materials and components.
In Japan, an association of corporations joined by reciprocal shareholder arrangements or by agreements among the members to deal exclusively or preferentially among themselves.
A Japanese term used to describe a loose collection of firms that share one or more common links of ownership or business dealings.
In Japan, a strong alliance of related organizations that shares knowledge and cooperates to control its sector of the business, including the supply chain and distribution. Meaning "series," the "horizontal" Keiretsu are six major banks, such as the Mitsui Group and Sumitomo Group. "Vertical" Keiretsu are industry consortia, such as the Toyota Group, Honda Group, Hitachi and Toshiba. The Japanese government is involved and supportive. See interfirm network.
Origin of keiretsu
From Japanese 系列 (けいれつ keiretsu), from Middle Chinese 繫 (ɣèj "attached") + 列 (ljet "set", "row") (compare Mandarin xìliè 系列 "series", "set").