Review of the hardback: 'Michael Witt has made here an excellent contribution to our understanding of Japanese capitalism, by focussing on societal co-ordination and institutional adjustment. Witt's initiative is to draw attention to what he has defined as 'intra-industry loops', a phenomenon taken for granted in Japan as natural or commonplace. Thanks to Witt's assessment, we can begin to see reasons for Japan's slow pace of change, and also how its economic circumstances are related to critical issues of institutional reform and capitalist diversity.' Harukiyo Hasegawa, Doshisha Business School, Kyoto

• Figures; Tables; Acknowledgements; 1. Introduction; 2. Continuity and change in the Japanese business system; 3. Coordination and institutional adjustment; 4. Coordinating networks in the Japanese business system; 5. Intra-industry loop networking; 6. R&D consortia and intra-industry loops in new industries; 7. Conclusion; Appendix; References; Index.

Review of the hardback: 'Michael Witt has made here an excellent contribution to our understanding of Japanese capitalism, by focussing on societal co-ordination and institutional adjustment. Witt's initiative is to draw attention to what he has defined as 'intra-industry loops', a phenomenon taken for granted in Japan as natural or commonplace. Thanks to Witt's assessment, we can begin to see reasons for Japan's slow pace of change, and also how its economic circumstances are related to critical issues of institutional reform and capitalist diversity.' Harukiyo Hasegawa, Doshisha Business School, Kyoto

• Figures; Tables; Acknowledgements; 1. Introduction; 2. Continuity and change in the Japanese business system; 3. Coordination and institutional adjustment; 4. Coordinating networks in the Japanese business system; 5. Intra-industry loop networking; 6. R&D consortia and intra-industry loops in new industries; 7. Conclusion; Appendix; References; Index.

Review of the hardback: 'Michael Witt has made here an excellent contribution to our understanding of Japanese capitalism, by focussing on societal co-ordination and institutional adjustment. Witt's initiative is to draw attention to what he has defined as 'intra-industry loops', a phenomenon taken for granted in Japan as natural or commonplace. Thanks to Witt's assessment, we can begin to see reasons for Japan's slow pace of change, and also how its economic circumstances are related to critical issues of institutional reform and capitalist diversity.' Harukiyo Hasegawa, Doshisha Business School, Kyoto

• Figures; Tables; Acknowledgements; 1. Introduction; 2. Continuity and change in the Japanese business system; 3. Coordination and institutional adjustment; 4. Coordinating networks in the Japanese business system; 5. Intra-industry loop networking; 6. R&D consortia and intra-industry loops in new industries; 7. Conclusion; Appendix; References; Index.