Jump to ContentJump to Main Navigation
MarketcraftHow Governments Make Markets Work$
Users without a subscription are not able to see the full content.

Steven K. Vogel

Print publication date: 2018

Print ISBN-13: 9780190699857

Published to Oxford Scholarship Online: February 2018

DOI: 10.1093/oso/9780190699857.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 27 November 2021

Marketcraft Japanese Style

Marketcraft Japanese Style

Why It’s So Hard to Craft a Liberal Market Economy

Chapter:
(p.77) 4 Marketcraft Japanese Style
Source:
Marketcraft
Author(s):

Steven K. Vogel

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190699857.003.0004

As the Japanese economy shifted from boom to bust after 1990, opinion leaders grew critical of the Japanese market system, calling for a dramatic shift toward the liberal market model of the United States. But what would it really take for Japan to “liberalize” its economy? This chapter argues that the Japanese government would have to do more, not less: it would have to build up the legal and regulatory infrastructure to support more competitive capital, labor, and product markets. This chapter reviews the core features of Japan’s postwar model and then examines market reforms since 1980 in labor relations, finance, corporate governance, antitrust, sector-specific regulation, and intellectual property rights. The final two sections present case studies of attempts at broader institutional change: Japan’s efforts to promote innovation along the lines of the Silicon Valley model and to spur the information technology revolution.

Keywords:   Japan, finance, regulation, corporate governance, labor, antitrust, intellectual property, information technology

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .