Moving the ROE “Mountain”
A Framework for Capital Market Reform

Kobayashi, Keiichiro
Moving the ROE “Mountain”: A Framework for Capital Market Reform

Despite a slew of corporate governance reforms undertaken over the past two decades, Japanese companies remain extraordinarily immune to shareholder pressure. Keiichiro Kobayashi argues that reforms must begin targeting the investors in order to transform and revitalize Japan’s business culture.

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Japanese Agricultural Policy: Last Chance for Change

Banno, Yuko
Japanese Agricultural Policy: Last Chance for Change

Domestic political concerns—particularly the importance of the farm vote—have hitherto tied the hands of Japanese negotiators in international trade talks, forcing them to make substantial concessions to maintain nominal safeguards, as during the Uruguay Round. Recent changes of government and growing awareness of the need for reform, notes Yuko Banno, though, have prompted a serious rethinking of Japan’s farm policy.

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Japanese Agricultural Policy: Last Chance for Change

Banno, Yuko
Japanese Agricultural Policy: Last Chance for Change

Domestic political concerns—particularly the importance of the farm vote—have hitherto tied the hands of Japanese negotiators in international trade talks, forcing them to make substantial concessions to maintain nominal safeguards, as during the Uruguay Round. Recent changes of government and growing awareness of the need for reform, notes Yuko Banno, though, have prompted a serious rethinking of Japan’s farm policy.

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About the Tokyo Foundation

The Tokyo Foundation is an independent, not-for-profit think tank that presents concrete policy proposals based on a lucid analysis of the issues combined with a solid grasp of everyday life and the reality on the ground. We also cultivate socially engaged future leaders with a broad perspective and deep insight, both in Japan and overseas. We fervently hope that our unique combination of policy research and human resource development will change society for the better.

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Our Team of Experts

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Morinobu, Shigeki

SENIOR FELLOW

President, Japan Tax Institute

Professor of Law, Chuo University

Special Expert Advisor, Government Tax Committee

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