Japan

Is Japan (Finally) Back?

The Japanese stock market enjoyed an impressive rally this year, with the Nikkei 225 Index gaining well over 20% and achieving its highest level in three decades. Is Japan (finally) back? Bruce Aronson writes that a lasting recovery will depend upon how deeply corporate governance reforms have taken root and what policies have been adopted to counter the drag of an aging society.

Lessons from Toshiba: Corporate Governance in the Era of Activist Shareholders

The most significant, long-running corporate governance scandal in the history of Japan may finally be coming to a head. Following a series of misdeeds and clashes with activist investors over the past seven years, Toshiba Corporation, an icon of the Japanese business establishment, is in negotiations to sell itself to a Japanese private equity fund.