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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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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 31 October 2020

Redirecting Japan's Multi-level Governance

Redirecting Japan's Multi-level Governance

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

Luke Nottage

Oxford University Press

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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