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Business partnering in Japanese companies stretches far back in history since the family-run zaibatsus began in the 16th century. These financial family groupings or business conglomerates had great influence, and their size allowed for control over significant parts of the Japanese economy. This paper discusses the recent developments in business partnering. Underpinning business partnering in Japan is the traditional cultural tendency of the Japanese to cooperate, placing great social emphasis on the team rather than the individual. [ABSTRACT FROM AUTHOR]