It was true of Akio Morita. Mr. Ohga was his successor and since he no longer runs the company, he can afford to be unpopular. But don't believe that this attitude is shared by the fellow across the street, who has been the Chairman of Keidanren. Mr. Toyoda also starts out from the basic principles of social cohesion. Do not think he will ever forget the bloody 1948 Toyota strike without which he would never have gotten into management.
Japan altogether looks, deregulation has economic benefits but social dangers.
Every time I go through a Japanese bank, I see my father s 1923 bank. Japanese bankers have moved out of the quill pen stage, but not into the computer stage. Basically these are 19th Century banks by the way they are run and staffed. There are five times as many people per transaction as we need, or maybe seven times as many as well-managed American banks need. So let me conclude by saying that perhaps the assumptions we in this country make about Japan are not the right ones.