Markets in everything, Japan edition

by on May 17, 2008 at 9:42 am in Economics | Permalink

Mobs are legal entities here. Their fan magazines and comic books are sold in convenience stores, and bosses socialize with prime ministers and politicians.

Here is the full story, which focuses on the continuing powerful role of the mob in Japan.  Get this:

The most powerful faction, the Yamaguchi-gumi, is known as "the Wal-Mart of the yakuza" [TC: do they promise "Always Lower Prices"?]  and reportedly has close to 40,000 members.

1 Paul N May 17, 2008 at 9:56 pm

You must mean “Always Low Prices” – clearly you don’t shop at Wal*Mart.

2 Robert Kawaratani May 21, 2008 at 8:40 pm

If the writer had written that the “Yamaguchi-gumi” was the “Itoyokado” or “Daiei” of the yakuza, I doubt that the American audience would have had a clue. BTW, Walmart does own the Seiyu Supermarket chain which is a semi-major chain in Japan.

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