While globalization of the Japanese economy has been advancing with astounding speed, significant differences remain between the management philosophy and techniques used within Japanese companies and those used in the West. These include the significant differences in the use of capital budgeting techniques, economic and political assessment of projects, decision-making styles, and techniques of corporate governance. Furthermore, Keiretsu (interlocking shareholdings) still plays an important role in the financing of companies in Japan. Such differences have a momentous impact on decision-making processes within companies.

This case book illustrates many of the key differences that exist in the realm of corporate governance and finance. As one of the very few casebooks written in English on Japanese corporations, this book offers valuable insights into Japan's unique business culture.