From the notes: 6) Consider Keiretsu: a) What is it? b) What is the rationale behind it – what is its presumed benefit for firms? 7) Consider MITI: a) What is it? b) What is the rationale behind it – how might it have benefitted the Japanese economy? 8) Briefly describe the overriding rationale behind institutions like the Keiretsu and MITI? (Hint: it has to do with competition.) 9) How did land reform in the 19th century contribute to Japan’s economic developmen