Japanese Corporate Management in Transition: Will it converge with the US?

Despite the economic slowdown of Japan in recent years, Japan is still the second largest economy in the world, based on its gross domestic product. Management systems in Japan have exhibited unparalleled dynamism throughout history and have been studied around the world. This article discusses Japan and its management system. It is argued that Japanese management system may adopt, and adapt, certain practices from the United States, and the United States may do the same with Japanese practices, but that it seems unlikely that management practices will converge.