Looking Through the Wrong End of the Telescope: The Japanese Judicial Response to Steel Partners, Murakami, and Horie


When the Bulldog Sauce case landedat the doorstep of the Japanese
Supreme Court in July 2007, one suspects that the Court greeted it with all the enthusiasm of a homeowner who opens the front door to collect the morning paper, only to findwaiting a basket full oforphaned kittens.

Are G20 Commitments and Dodd-Frank in Sync?

A senior financial economist at the Office of the Comptroller of the Currency has published a paper entitled U.S. Domestic and International Financial Reform Policy: Are G20 Commitments and the Dodd-Frank Act in Sync?. The paper provides a useful overview of the relationship of these two important financial regulatory reform initiatives, focusing in particular on policies to address risks to the financial system posed by systemically important financial institutions (SIFIs).

Growth or Decline: Improving Economic “Metabolism” to Raise Productivity

Professor Kyoji Fukao, Program Director and Professor, Institute of Economic Research, Hitotsubashi University, wrote this on-point article in the Nikkei Newspaper's Keizai Kyoushitsu column on July 27 of 2011, describing the challenges that Japan's economy faces and the what is needed to get it growing again.

Much of the article appears below, but you can see the full article and the charts on RIETI's web site:

Radical(?) Suggestion #1 to Improve Global Corporate Governance

For some time it has seemed to me that our thinking about corporate governance has become blindered by the existingframework and playerswe have created, which have becomeself-sustaining and assumed to be immutablenomatter howimperfectthey are.This is the first of a series of ideas and suggestions that I hope will provoke productive discussion unhindered by such assumptions.

” The Corporation ” (Movie)

Too big to fail. Massive externalization of risks. Environmental damage. Institutionalized moral hazard…..

Corporations havebecome so powerful over the years. Surely, they are one of the dominant institutions in today's world.

In an era when we see so much damages caused by corporations, maybe it is good idea to look at the origin, history and evolution of corporations and to rethink about what corporations really exist for.