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

Hardcover | May 1, 2000

byUlrike Schaede

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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 reducedrole 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 postwar antitrustenforcement 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 deregulationprogrammes 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, somedomestic industries, such as the financial sector, may suffer from increased self-protection.

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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 reducedrole of government regulation may not result...

Ulrike Schaede is at the Graduate School of International Relations and Pacific Studies at University of California, San Diego.
Format:HardcoverPublished:May 1, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198297181

ISBN - 13:9780198297185

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Table of Contents

1. Introduction2. Japanese Trade Associations3. Antitrust Policy and Industrial Policy in the Postwar Period4. Self-Regulation and the Antimonopoly Law5. The Evidence: Antitrust Enforcement and Self-Regulation in Postwar Japan6. Data Analysis: Trade Associations and Self-Regulation7. The Historical Development of Self-Regulation in Japan's Trade Associations8. The Implications