Consumers, the Legal System and Product Liability Reform: A Comparative Perspective Between Japan and the United States

K Hamada

Working Papers from Yale - Economic Growth Center

Abstract: A new Product Liability (PL) Act in Japan became effective in July, 1995. In the United States, congress passed, subject to the endorsement of the president, the legislation that limits the ceiling of compensations and punitive damages in PL cases. Thus, there seems to be a converging tendency between the Japanese system, which has relatvie emphasis on industrial interests and encouraged off-court settlements, and the U.S. system, which has relatively emphasized consumers' interest and encouraged litigation. This paper explains the legal content, the social background and the legislation process of the new PL Act in Japan.

Keywords: PRODUCTS; JAPAN; UNITED STATES; LAW (search for similar items in EconPapers)
JEL-codes: K13 N45 (search for similar items in EconPapers)
Pages: 46 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:yalegr:759

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