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Vol 21 No 12 Dec 16/Jan 17

Book of the Month

Cover of The UK Supreme Court Yearbook Volume 7: 2016

The UK Supreme Court Yearbook Volume 7: 2016

Edited by: Daniel Clarry, Christopher Sargeant
Price: £90.00

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Cooperative Capitalism

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ISBN13: 9780198297185
ISBN: 0198297181
Published: June 2000
Publisher: Oxford University Press
Format: Hardback
Price: £137.50

The Japanese government is becoming less involved in shaping industrial policy - but 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"" - setting 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 post-war antitrust enforcement reveals, Japan's antitrust system considers most activities of self-regulation, other than outright price-fixing, as legal.

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1. Introduction; 2. Japanese Trade Associations; 3. Antitrust Policy and Industrial Policy in the Postwar Period; 4. Self-Regulation and the Antimonopoly Law; 5. The Evidence: Antitrust Enforcement and Self-Regulation in Postwar Japan; 6. Data Analysis: Trade Associations and Self-Regulation; 7. The Historical Development of Self-Regulation in Japan's Trade Associations; 8. The Implications