Access latest developments on regulatory policy and governance in Japan.
Innovation is key to boosting economic growth in the face of a rapidly ageing population. While Japan spends heavily on education and R&D, appropriate framework conditions are essential to increase the return on such investments by strengthening competition, both domestic and international, and improving resource allocation.
The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
Japanese banks largely avoided the direct impact from the global financial crisis thanks to their limited exposure to foreign toxic assets, the regulatory framework in Japan and the small role of securitisation.
Since 1999, the Japanese government has introduced a number of measures to enhance regulatory quality and to promote regulatory reform, competition policy and market openness.
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This report is part of the monitoring of developments since the 1999 OECD Report on Regulatory Reform in Japan ("1999 Report"), with particular attention to the implementation of its recommendations.
Regulatory reform is at the heart of Japan’s strategy for economic recovery and long-term growth.
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Government concerns about high electricity prices, the highest in the OECD, have led to reforms of the sector of which the introduction of competition is seen as a key measure.
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Japan is one of the few countries to have introduced competition in the 1980s, along with the United States and the United Kingdom. Since market liberalisation began in 1985, Japan has introduced many liberalisation measures to encourage fair com...