particularly concerning in Japan, where the success of Abenomics depends on a transition from stimulus-driven to self …

Japan's high corporate savings might be holding back growth. We focus on the causes and consequences of the current … corporate behavior and suggest options for reform. In particular, Japan's weak corporate governance - as measured by available … comprehensive corporate governance reform should be a key component of Japan's growth strategy …

This book examines corporate reform in Japan by focusing on corporate governance and the employment system. Contrary to …

1 Dawn of Corporate Governance: Japan must change -- 2 Cash Valuation Assessment of Japanese Corporations: When 100 yen … Synchronization of Non-financial Capital and Value Creation: Japan should show ROE of ESG -- 8 Appendix: Latest investor Survey 2016 … corporate governance and value creation in Japan. The author explains the rationale underlying the suggestion of the Ito Review …

Why has Japan's lost decade become the lost two decades? This book attempts to provide a novel perspective on causes of … dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy … highly recommended to readers who seek a convincing and comprehensive explanation of Japan's lost two decades from the …

liquidity risk. We find that, during Japan's deflationary period, firms with more liquid balance sheets were less exposed to … price. We document a steep drop in the liquidity of the Japanese stock market in the post-bubble period and a steep rise in … stock market liquidity risk, while slowly growing firms were highly exposed to liquidity shocks. Also, aggregate liquidity …

Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm …'s stock increases the likelihood of the large investor ‘taking the Wall Street walk.’ Thus, higher liquidity is harmful for …

This Paper investigates the impact of ownership patterns on the way the firm is monitored, on the liquidity of its … selection discount required by less informed investors to trade, reducing the firm’s liquidity. Both effects are properly … prices, but the lower liquidity induced by their presence tends to reduce prices. …

strengthen the credibility of government policy. A review of Japan's fiscal policymaking over the past decades suggests that … Japan would greatly benefit from establishing an IFI in line with internationally accepted standards of good practice. Such …