Japan's giant leap for mankind: capital-market reforms

Article Abstract:

Nicholas Benes, president of JTP Corp. of Japan, is advocating the reform of Japan's capital market withing ten years. Corporate governance needs to become more sensitive to changes in global capital markets, and needs to support the strict regulation of finances. If Japan hopes to save its economy from a downward spiral, it must increase world confidence in its financial and management practices.

Public Finance Activities, Public Finance-Total Govt, Public finance

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Stock buying companies will keep Japan inefficient

Article Abstract:

Japan's Financial Services Agency plans to help Japanese banks sell $113 billion in stocks, bringing their portfolios into line with new stockholding limits. The new stock-buying company, which would coordinate the stock-buying process, is criticized by President of JTP Corp. Nicholas Benes for the same lack of accountability found in the Japanese banking system.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Securities issued, listed, Banking industry, Banks (Finance), Securities

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Finally, corporate Japan begins to shift into reform gear

Article Abstract:

Corporate-governance reform is needed in Japan because the roles of senior managers and monitors have become entwined, resulting in company directors watching themselves. In an attempt to modify corporate society and speed up economic development, the Japanese government plans to rewrite the Commercial Code by 2002.

Government domestic functions, Management dynamics, Business, Editorial, Corporations

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