MITI felt that, as Japan opened up its economy, it was imperative to build a new economic structure that was internationally competitive. The open economy would be achieved through three liberalizations: trade, foreign exchange rates, and capital transactions. In October 1961, the Ministry set up the Industrial Structure Study Council to study the ideal industrial system. (The name of the council was changed to the Industrial Structure Council in 1964.)
KeywordsSpeed Limit Auto Industry Competitive Strength Sales Channel Sales Personnel
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