Business Ethics and Corporate System in Japan
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The Japanese economy has experienced a long period of stagnation since the 1990s following the collapse of its bubble economy. This period has been called the ‘lost 20 years’. During this period, Japan, has considerably reformed its corporate laws and regulations to adapt to globalization and the continuing advances in information technology, whch has eventually led to changes in its corporate system. Despite this fact, there have been corporate scandals and instances of illegal behaviour, all of which have been vividly discussed in the media. Per each particular case, the business society stressed the necessity and importance of tackling issues related to business ethics. Scandals often required the company’s compliance to the ethics.
KeywordsCorporate Social Responsibility Business Ethic Corporate Governance Corporate System Global Economic Crisis
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