Two lost decades afterwards, capitalism in Japan embodies odd contradictions -preserving wealth and social stability in the face of diminishing economic power. Light transparence in Japanese corporate practices plays an important role in this occurrence. Occasionally warranted as an embodiment of Japanese culture, the opacity of Japanese corporations is credited with empowering managers to make long-term business decisions that preserve employment and business relationships and maintain social harmony.
But opacity also eases fraud and corruption, which erode investor trust and stifle risk-taking. Kotaro Tamura, a flamboyant politician, tries to raise public awareness around these anxieties, but his provocative fashion earns him few friends in Japan's traditional political establishment.
PUBLICATION DATE: November 26, 2012 PRODUCT #: 113026-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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