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Corporate Governance in ContextCorporations, States, and Markets in Europe, Japan, and the US$
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Klaus J. Hopt, Eddy Wymeersch, Hideki Kanda, and Harald Baum

Print publication date: 2005

Print ISBN-13: 9780199290703

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780199290703.001.0001

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Redirecting Japan's Multi-level Governance

Redirecting Japan's Multi-level Governance

Chapter:
(p.570) (p.571) Redirecting Japan's Multi-level Governance
Source:
Corporate Governance in Context
Author(s):

Luke Nottage

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199290703.003.0029

Japan has long experience in developing, and (to a lesser extent) legitimising, multi-level governance processes at least within its borders. Ironically, just as self-regulation and co-regulation have become the buzzwords in Europe and Australia since the 1990s, Japan is moving in the other direction: towards a more straightforward form of liberal law making and law enforcement. Aiming at further happy convergence, Japan should now redefine and redirect its multi-level governance system, to include a new external dimension in the form of regional arrangements. One possibility is to add clearer provisions on regulatory harmonisation, and develop new EU-like institutions – or at least processes – within Japan's recent bilateral arrangements.

Keywords:   Japan, corporate governance, multi-level governance, regional arrangements

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