Japan has been more attention to companies' participation in the political process in general, and of their political campaign contributions in particular. Over the last decade, Japan has set new limits on political giving companies and demanded greater disclosure of campaign contributions. Increasingly, shareholders tend to hold companies accountable for their campaign contributions. Fujio Mitarai was appointed chairman of the Japan Federation of Economic Organizations ("Keidanren") from 23 May 2006. Keidanren is regarded by many as the most powerful interest groups in Japan. Mitarai said that technological innovation is not enough, and that the social and economic reforms necessary to improve the competitiveness of Japanese companies. For a long time, Japan used to be closed to foreign companies, and foreign companies still do not have equal access to the Japanese economy in which the public sector contracts are usually awarded to Japanese companies. By opening up the economy to foreign companies, Mitarai is aimed at increasing the competitiveness of domestic firms. "Hide
by Mitsuru Misawa Source: University of Hong Kong, 18 pages. Publication Date: Sep 03, 2009. Prod. #: HKU847-PDF-ENG
Related Case Solutions & Analyses:
Buildings and Energy
Accountability Lens: New Way to View Management Issues
FX Strategies in 2006: U.S. Dollar versus Yen
The Treatment of Goodwill and Other Purchased Intangibles for Tax Purposes
An Overview of Financial Statement Analysis: The Mechanics
AOL Time Warner (A): Accounting for Goodwill
Note on Financial Management
Back to School: Real Estate Development of Off-Campus Student Housing
Legendary Pictures & ABRY Partners
Roche’s Acquisition of Genentech
