Corporate Social Responsibility in Japan

Shūichi Suzuki, Hiroshi Sasaki and Scott Davis ()
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Shūichi Suzuki: Rikkyo University
Hiroshi Sasaki: Rikkyo University
Scott Davis: Rikkyo University

A chapter in Current Global Practices of Corporate Social Responsibility, 2021, pp 745-775 from Springer

Abstract: Abstract After years of economic stagnation, Japan is currently experiencing what may be its longest period of economic expansion in the post war era. However, the impact of this economic growth is unlike that of previous periods. Despite record corporate profits and dividend payments, the level of average wage income has not grown, and increasing taxes and prices have caused household buying power to decline. Faced with corporations offshoring jobs to save costs, a polarization in living standards, and a mood of anxiety regarding the future, the role, responsibility and social expectations of business has become the subject of heated debate. This chapter will examine three concepts—responsibility, accountability and resilience—that are being reconceptualized in the course of this debate, and four major initiatives undertaken by government and industrial associations that characterize efforts being made to reframe the social expectation of firms and redefine what it means to be a responsible business in Japan.

Keywords: Abenomics; Japan 2.0 Initiative; Japan Association of Corporate Executives; Japan Business Federation; Japanese style management; Resilience; Society 5.0 Initiative (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-68386-3_35

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DOI: 10.1007/978-3-030-68386-3_35

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