Corporate Governance Practices in Post-Bubble Japan: Adapting to the Globalizing Economies of the Twenty-First Century

Masao Nakamura

Chapter 7 in Changing Corporate Governance Practices in China and Japan, 2008, pp 113-152 from Palgrave Macmillan

Abstract: Abstract The burst of Japan’s financial bubble in 1990 triggered a long recession in the Japanese economy. It lasted well into the early 2000s, and both Japanese firms and households suffered from the lack of economic growth for many years. Japanese banks’ massive bad-loan problems limited their ability to finance business firms. Lacking the traditional source of bank financing and facing severe competition from abroad at the same time, the global competitiveness many Japanese firms enjoyed in the 1980s was all but lost.

Keywords: Corporate Governance; Equity Ownership; Hostile Takeover; Corporate Governance Practice; Outstanding Share (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59515-6_7

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DOI: 10.1057/9780230595156_7

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