The ACCJ just released a detailed Viewpoint, urging the Government of Japan to do what it promised to do when it was elected, and more. The summary is below, and the report can be downloaded at the link below.
Month: June 2014
Risk Governance in Banking: Reforms Tend to Occur Most Where they are Least Needed
Paper: Reform Where it is Least Needed:Diffusion of Post Crisis Risk Governance Regulation – byShane Magee,Elizabeth Sheedy, andSue Wright — Those countries where shareholder and manager power is strongest (Japan, Switzerland, UK,US,) are least able to implement fundamental reforms.
Full English Translation of the LDP’s Historic “Japan Revival Vision”
The “Japan Revival Vision” written by the LDP’s “Japan Economic Revival Headquarters” has been translated in full. It has been released by Dietman Shiozaki, and can be downloaded at this link:
It can also be downloaded here: http://bdti.mastertree.jp/f/5lehza2y
127 Institutions Sign Up to Japan’s Stewardship Code, Including Three of BDTI’s “Special Sponsors”
123 institutional investors, fund managers, and insurance companies, and four service providershave signed up to comply with Japan's Stewardship Code in what will probably turn out to just the first round of compliance statements. Of these, (only) threeinstitutions are special sponsor (significant donors) to BDTI. The list of signatories, and the code itself, can be downloaded at this link:
IMF Likes the Corporate Governance Reforms it Sees in Japan’s New Growth Strategy
Japan—2014 Article IV Consultation Concluding Statement of the IMF Mission
Tokyo, May 30, 2014 (see below) – Abenomics has been successful in planting the seeds for a more dynamic Japan.The near-term outlook remains favorable and the economy is expected to weather well the consumption tax increase.
Abenomics’ “Third Arrow”: at the Tipping Point
Don’t miss the forest for the trees. Historically, May 23rd, 2014 will probably be seen to be the date when the ruling party of Japan, the LDP, “changed its spots”, mutating from the Old LDP to the New LDP.
It was on that day the LDP’s key growth strategy committee agreed upon its new “Japan RevivalVision”, a detailed 74-page document which definitively separated the LDP from many of the vested interests and obsolete structures that have dominated its past, by setting forth policies for: