May 1, 2019, marked the start of a new era in Japan.
The country celebrated the succession to the Chrysanthemum Throne of Emperor Naruhito, scion of the world’s oldest monarchy, and the beginning of the new imperial period, Reiwa. But there’s a lot more going on: the economy is experiencing its longest expansion since World War II, inbound tourism is at an all-time high, and there’s renewed emphasis on international openness as a means to help companies grow. It’s an ideal time to start a business in Japan.
“Corporate governance isn’t shareholders saying they have all the answers and managers must perform,” says Shibusawa. “In a global society, it’s a matter of multi-stakeholders and diversity.”“My great-great-grandfather’s mission was to increase the wealth and prominence of the nation via the private sector,” says Ken Shibusawa. “He felt that it was important for businesses to be responsible to both shareholders and society itself. In modern-day terms, he was a champion of sustainability.
“Corporate governance isn’t shareholders saying they have all the answers and managers must perform. In a global society, it’s a matter of multi-stakeholders and diversity,” says Shibusawa. “We’re in a new era of globalization. My hope is that Japan’s younger generation of digital natives will take advantage of the fact that the internet has no borders. That’s one way for Japan to thrive beyond 2020.
Balogh speaks at a Tokyo Metropolitan Government event after his company received a 2018 Tokyo Financial Award for helping to meet the financial needs of Tokyoites.“There are no impediments to doing business in Japan and engaging in the sort of collaborations and partnerships that we’ve been able to develop,” says Balogh. “Culturally, being a foreigner-led organization has not been a problem.
Balogh points to the increasing prominence of non-Japanese on the boards of small, midsize and large companies, and the 2014 launch of the JPX-Nikkei 400, an index of companies with good governance. Subject to periodical review, the index consists of businesses that meet criteria such as having at least one-third or a minimum of three independent outside directors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China, Japan and South Korea, while vowing to go green at home, promote coal abroadIn the last-ditch global battle against climate change, China, Japan and South Korea have joined other industrialized nations in promising to reduce their use of fossil fuels.
Read more »
BOJ Kuroda: Will consider further easing if prices lose momentumBank of Japan Governor Haruhiko Kuroda said on Tuesday he would consider additio...
Read more »
Toshiba’s Board Move Will Give Foreigners a Greater VoiceToshiba said it was proposing to replace a majority of its board and add more international business leaders, acceding to demands made by foreign shareholders in the latest sign of activist shareholders’ growing influence in Japan.
Read more »
U.S. agriculture secretary urges Japan to reach trade dealU.S. Secretary of Agriculture Sonny Perdue urged Japan on Monday to move swiftly...
Read more »
Japan Display says bailout from Chinese group to be delayedJapan Display says bailout from Chinese group to be delayed as the investor group wants to reassess the ailing display maker’s business
Read more »
Chinese group to delay bailout funding for Apple supplier Japan DisplayA Chinese-Taiwanese group is delaying an up to 80 billion yen ($729.33 million) ...
Read more »
In Japan, a new award for the grand sumo champion: The ‘Trump Cup’President Trump will present a custom-made trophy to the winner of a sumo tournament when he visits Tokyo this month.
Read more »
Terry Bradshaw apologizes for 'offensive' remark about Ken Jeong's backgroundWhen speaking about 'The Masked Singer,' Bradshaw said he was 'kicked off by Alan Thicke and the little short guy from Japan.”
Read more »
Apple supplier Japan Display mulling cutting around 1,000 jobs: NikkeiApple Inc supplier Japan Display Inc is considering slashing about 1,000 jobs, o...
Read more »
Novartis' cancer treatment Kymriah gets Japan nod at cost of $305,800A Japanese government panel approved Novartis' cancer treatment Kymriah at ...
Read more »