and 90 per cent of Japan's executives of large companies This percentage is considerably higher than that of American
There are the different meetings, luncheons, the tea house groups of more or less formally fixed members - always the top men of course, where the problems are talked about and then officially formulated in the official forum. The top leaders have to be skilled men like politicians to weld together divergent interests. Of course, post-war business - notably big business-has been growing at such speed that most firms are deeply in debt to the city banks; and they are keenly aware that in spite of fierce competition they need close co-operation to maintain the overall economic stability or they all go down. Furthermore, in spite of the desire to boost their own market share, all share the same basic concern for maxi mising the GNP rather than short-range profits. Thus their spokesmen and leaders have a solid consensus upon which they can weld the business community together.