Institutional Change in Japan

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Institutional Change in Japan analyzes institutional change within this period of economic transition. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, the amakudari system and marriage and family. Importantly this analysis is grounded in a broad historical and international context, with comparisons made to Meiji Japan as well as to recent economic and financial reforms in Korea, Switzerland and New Zealand.
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Product Details

Meet the Author

Magnus Blomström is Professor of Economics at the Stockholm School of Economics and President of the European Institute of Japanese Studies.

Sumner La Croix is Professor of Economics at the University of Hawaii-Manoa, USA.

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Table of Contents

1 Institutional change in Japan : theories, evidence and reflections 15
2 Institutional change in Meiji Japan : image and reality 45
3 Institutional reform in Japan and Korea : why the difference? 71
4 A lost decade for Japanese corporate governance reform? : what has changed, what hasn't, and why 97
5 Japan's economic and financial stagnation in the 1990s and reluctance to change 120
6 Japanese lifetime employment : a century's perspective 152
7 The Japanese labor movement and institutional reform 177
8 The changing pattern of Amakudari appointments : the case of regional banks, 1991-2000 202
9 Divorce in Japan : why it happens, why it doesn't 221
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