Corporate Governance in Japan: Role of Banks, Keiretsus and Japanese Traditions

Huong N. Higgins

Chapter 5 in The Governance of East Asian Corporations, 2004, pp 96-116 from Palgrave Macmillan

Abstract: Abstract Japan’s economy is the second largest in the world. The country’s productivity ranks among the top dozen advanced economies. Its level of industry is at or near the top rank in the advanced products, materials and production processes that define the world’s technology frontier. Despite its lack of natural resources, Japan transformed itself from a war-torn country to an economic giant within one generation. Between the 1950s and the 1973–74 oil embargo, Japan averaged 10% real Gross National Product (GNP) growth a year. That high level of economic growth slowed to an average rate of 5% between 1975 and 1990, however, the last ten years in Japan have been characterized by financial crisis and prolonged recession, and she is now showing signs of serious difficulties in obtaining any growth at all.

Keywords: Corporate Governance; Audit Committee; Commercial Code; Market Discipline; Main Bank (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52327-2_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230523272

DOI: 10.1057/9780230523272_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().