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Journal of Economic Perspectives: Vol. 18 No. 1 (Winter 2004)

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Competition in Japan

Article Citation

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

DOI: 10.1257/089533004773563421

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.

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Authors

Porter, Michael E.
Sakakibara, Mariko

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