"There is a widely held belief, within Nissan and the METI (Ministry of Economy, Trade and Industry), that the relationship between Nissan and Renault is lopsided and needs to be corrected," says Kato. The fear was that Nissan would become a "cash dispenser" for the French group, developing French-owned rather than Japanese technology. That goes to the heart of how METI regards its oversight role in the economy.
To outsiders, it is an alien idea that Renault's stake in Nissan should be "corrected" because its bet in 1999 paid off better than Japan expected. But within Japan, there have been changes to capital structures when a subsidiary was doing better than its parent. Kato cites the examples of Seven-Eleven Japan, which was owned by the Ito-Yokado supermarket chain, and Fuji Television Network and Nippon Broadcasting System. Japanese officials would have liked to see the same approach at Nissan, he says. METI says that it is observing events at Nissan and Renault, but any changes are a matter for the companies.
Really great article, thanks!Some interesting insights into why the Japanese government was meddling in the affairs of the Nissan/Renault alliance.
https://asia.nikkei.com/Spotlight/C...y-thinks-about-Ghosn-Nissan-s-maverick-savior
What’s interesting to note is as far as my research goes METI is the main proponent of the hydrogen based society.
With Ghosn gone will the METI get Nissan to tow the party line?
It seems Ghosn was far more effective originally, with his emphasis on saving money (and the company) than later on when trying to make the more structural changes needed to get the Alliance to live up to its potential.
Some interesting insights into why the Japanese government was meddling in the affairs of the Nissan/Renault alliance.
I find Japanese culture to be endlessly fascinating, but to some extent it really is so alien that I find it difficult or impossible to understand their way of thinking
It's mostly their business culture I find hard to understand.
One of my University friends worked in Japan for several years in software development. I recall him telling stories where is boss would cry simply because my friend would openly disagree with him.
The trial of the two men and Nissan, which is also facing the same charge, is due to begin in 2021 or 2022. It was unclear whether the schedule would be updated after Ghosn's escape.
Gohara said a separate trial over aggravated breach of trust would likely drag on for years as prosecutors lacked sufficient evidence to prove Ghosn was guilty of crimes including temporarily shifting a personal money-losing currency transaction onto Nissan's books.
Why was it removed? What is Masako afraid off?
How does Japan justify arresting someone without trial for 2-3 years?
Lebanon rejects extradition request.