Why has Japanese capitalism disappeared from discussion when it was once regarded as a model in the 1980s and 1990s ? How did a company like Toyota, a symbol of this model, become the leading global company in its sector despite the fact that the Japanese economy was very sluggish at that time ? From a political and economic point of view, Sébastien Lechevalier analyses the course of Japanese capitalism as well as its management and business over the past thirty years. Contrary to what is often assumed, Japanese capitalism experienced great change over this period, but still did not revert to British or European forms of capitalism. The driving forces behind this change are due less to the adaptation to a new international or technological environment, than to the political choices which were made.
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