What it is:
Keidanren is the abbreviation for Keizai Dantai Reng?kai or the Japanese Business Federation, which is a Japanese association of businesses.
How it works (Example):
Established in 1946, Keidanren has absorbed and merged with many other organziations over the years. It mediates problems among its 800 members and acts as an advisor to the Japanese government on economic affairs.
Why it Matters:
Keidanren is a major player in Japanese economic policy, and it was a keyin the founding of Japan's Liberal Democratic Party in 1955. More regulation and have since restricted the association's power.