Cooperative Capitalism

Self-Regulation, Trade Associations, and the Antimonopoly Law in Japan

By:

Ulrike Schaede

Format:

Hardback

Series:

Japan Business and Economics Series

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Description

The Japanese government is becoming less involved in shaping industrial policyDSbut what does this imply for the openness of Japanese markets to foreign competition? In an extensive study of 'post-development' Japan, Ulrike Schaede argues that, contrary to what many have suggested, the reduced role of government regulation may not result in more open markets. Instead, as has happened throughout Japanese history, deregulation and the recession of the 1990s have once again led Japanese trade associations to assume important regulatory functions of their own. They do this through 'self-regulation'DSsetting and enforcing the rules of trade for their industries, independent from the government. As a result, many Japanese markets are now effectively governed by incumbent firms, in particular in terms of structuring the distribution system. As the record of postwar antitrust enforcement reveals, Japan's antitrust system considers most activities of self-regulation, other than outright price-fixing, as legal. Using interviews and a unique database of trade association activities, this book concludes that increasing self-regulation renders both government deregulation programmes and international trade negotiations ineffective in opening Japanese markets. The implications of self-regulation for Japanese industry are mixed: while internationally competitive firms can use self-regulation to reduce competition at home in order to compete more forcefully abroad, some domestic industries, such as the financial sector, may suffer from increased self-protection.

Release date Australia

June 29th, 2000

Author

Ulrike Schaede

Audience

Professional & Vocational

Illustrations

line drawings, tables

Pages

314

Series

Japan Business and Economics Series

Dimensions

163x242x22

ISBN-13

9780198297185

Product ID

1856303

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