Toyota and Government Policy

The initial protective legislation was adopted in May of 1936. This was the automobile manufacturing business law which indicated that all business in the automotive industry required a government permit. The legislation was drafted by the military, which was in ascendance at that time and needed good domestic products. The legislation required that any company making over 3,000 vehicles per year had to obtain a license from the government. Only those firms with more than 50 percent of shares and more than 50 percent Japanese members of boards of directors could be licensed (Ohno, 1988).

The intent of this law was to protect the domestic automotive industry, while suppressing the foreign car assembly business. The law was quite effective in achieving these ends, even considering the intervening war which impacted the entire industry.

The government did not end with this piece of protective legislation, however. The Japanese government supported both the domestic autom

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Approximate Word count = 965
Approximate Pages = 4 (250 words per page)

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