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- W1509453993 abstract "Changes in Japanese Corporate Law and Governance: Revisiting the Convergence Debate Zenichi Shishido I. Introduction Since the last trading day of Tokyo Sock Exchange of 1989, Japanese stock market and economy has been in decline. In 2003, Japanese economy appeared to have hit bottom but the recovery remains fragile. People often refer to this long recession during the 1990s as the “lost decade.” Business and government each made a lot of effort to end the recession but in vain. Although the situation appeared quite static, many changes were actually taking place during the lost decade. This process came to a head and became apparent in 1997. Why 1997? Although perhaps somewhat arbitrary, most students of Japan now recognize 1997 as a year of turnaround. This article has three aims. The first aim is to explain why the traditional Japanese corporate governance system (traditional J-model) began to malfunction and suggest that a new Japanese corporate governance system (new J-model) is presently emerging. The second aim is to examine the relationship between the corporate governance practice and the reforms of corporate law since 1997. Finally, the third aim is to argue that the recent history of the Japanese case runs contrary to" @default.
- W1509453993 created "2016-06-24" @default.
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- W1509453993 date "2004-08-25" @default.
- W1509453993 modified "2023-09-24" @default.
- W1509453993 title "Changes in Japanese Corporate Law and Governance: Revisiting the Convergence Debate" @default.
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