Abstract
The impact of Japan’s financial Big Bang on the legal system and corporate governance in Japan is examined in this chapter. The Big Bang program moves the Japanese regulatory environment and institutional structure toward the Western model, particularly the US model, by emphasizing the role of capital markets in resource allocation. Whether it also leads to changes in the legal system and corporate governance is another matter. I argue that in some respects it already does, but in other respects it will not.
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Kanda, H. (2000). Japan’s Financial Big Bang: Its Impact on the Legal System and Corporate Governance. In: Hoshi, T., Patrick, H. (eds) Crisis and Change in the Japanese Financial System. Innovations in Financial Markets and Institutions, vol 12. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4395-4_11
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DOI: https://doi.org/10.1007/978-1-4615-4395-4_11
Publisher Name: Springer, Boston, MA
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