Japanese firms have adhered to “high-quality manufacturing” and “finely-tuned services.” The resulting “coordination-type” products, which are exhaustively coordinated from the stage of parts designing and firms make constant improvements in even after entering the stage of bulk production, have been accepted particularly by the U.S. and European markets. Typical are automobiles. At the other end of those, there are “combination-type” products.
Hermann Remsperger: Real-time data and monetary policy Welcome address by Professor Hermann Remsperger, Member of the Executive Board of the Deutsche Bundesbank, at the Bundesbank Conference on “Real-time data and monetary policy”, Eltville, 28 May 2004.