Smith for reading various versions of this study and for their detailed substantive and stylistic comments and criticisms. If I had listened more and argued less, perhaps they could be made to bear some of the burden for the shortcomings that remain in this book. But I did not, and so its flaws, at least, are all mine.More than any other single person, I thank my wife, Betsy, who was willing to go and willing to stay three years in rural Japan. Without her companionship and constant encouragement both in word and by example, I could not have persevered. Ishi no ue ni mo son nen.As for the implications of this research for the overall study of Japanese society and culture, we might simply alter a well-known American watchword to read, "The price of membership in Japanese corporate groups is eternal vigilance." The commitment of resources to the productive exchange relation prevents all but the few wealthiest members, or those most willing to risk defecting, from exploiting opportunities outside their ongoing exchange relation. At the same time, this commitment, itself a product of the operation of mutual investment in productive exchange, demands the utmost attention to the public and private affairs of fellow members to insure that that commitment is not betrayed. Atsumi (1975; 7) suggests that the belief that social relations in other spheres of exchange and organizations in Japan are modeled on patterns of interaction found in rural society is widespread. The present study suggests that this 6. Productive exchange transactions in the corporate group are always accomplished according to the same bifurcate formula:Phase 1: All members with any potential to benefit from a transaction assume a share in the capital costs proportionate to their share in the group's total resource pool. participants to the decision-making process (ranging from adversarial to consensual) are independent of one another and emergent properties of the exchange relation obtaining among participants. The specific character of any exchange relationship, in turn, hinges on how effectively and in what manner the integrity of each transaction within it is maintained as a function of transaction itself, not on the characters of the participants.