Japan: corporate governance reform

Bloomberg reports here some recent comments by Hiroaki Niihara, the director of the Corporate System Division of Japan's Ministry of Economy, Trade and Industry. The comments were made against the background of an ongoing review of corporate law and listing rules due to report in June. Niihara focused on the role of outside directors and argued for greater protection for minority shareholders in listed companies. 

For further information about corporate governance in Japan, see the 2008 white paper published by the Asian Corporate Governance Association.