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Re-examining Corporate Governance in Japan.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Yanai Hiroyuki
Current State of Japan's Corporate Governance Theory Since the collapse of Japan's economic bubble, the mode of corporate management that places the emphasis on the company's employees, dubbed the "Japanese model" and once the object of high regard, has come to be thought of, even in Japan, as inferior to the U.S.-style of corporate governance. A wide array of reforms that emulate the U.S. system have been implemented through both independent action on the part of Japanese companies and through legislation. One model that evidences these changes is the system in which the chief ...
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