Corporate Governance Reform in Japan: A Progress Report
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Japan now has both a voluntary Stewardship Code for institutional investors, and a “comply-or-explain” corporate governance code for public corporations. Both have now been in place for more than a year. What positive changes are underway as a result, and what areas may require further measures in order to achieve the government’s goal of raising corporate profitability? Where will Japanese corporate governance go from here, and what issues and obstacles will arise on the way to further improve