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.

Over the medium term, transitioning to self-sustaining growth requires greater structural and fiscal reform efforts to avoid slipping back into deflation, overburdening monetary policy, and undermining confidence in the sustainability of government debt…..

Complementing the recently introduced Stewardship Code for institutional investors with a corporate governance code for firms and introducing measures to expand the use of independent outside directors beyond current plans would strengthen management accountability and investment by unlocking corporate savings.

http://www.imf.org/external/np/ms/2014/053014.htm

Japanese translation:

http://www.imf.org/external/japanese/np/ms/2014/053014j.pdf

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

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