We investigate trades of wholly- or partially-owned subsidiaries between firms listed on the Tokyo Stock Exchange (TSE) for the years 1996–2010, to explore the economic impact in terms of strategic refocusing, stock market valuation and performance effects. By pairing both sides to each deal,...

This innovative and multidisciplinary book explores Japan’s economic crisis and recovery. Specifically, it analyses the role of corporations, the state, macroeconomic and industrial policy, and the changing status of Japan as an economic role model. The contributors list comprises an...

Between 1998--2006, Japan's political economy underwent a strategic inflection point, anchored on legal changes so profound that they are irreversible. These reforms sought to enable large companies to shift from the post-war priority on sales and market share toward a new focus on...

The Japanese government is becoming less involved in shaping industrial policyDSbut what does this imply for the openness of Japanese markets to foreign competition? In an extensive study of 'post-development' Japan, Ulrike Schaede argues that, contrary to what many have suggested, the reduced...

In the increasingly multilateral trade and policy environment of the twenty-first century, Japan faces several conflicting challenges. Internationally, Japan's trade prowess, increasing manufacturing presence around the world, and economic leadership in Asia have made the country an integral...

A major point of contention between Japan and its trading partners has long been the issue of market access and competition. For decades, foreign companies have complained about an "uneven" playing field and limited access to Japan's large, affluent market due to industrial policy, implemented...