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Regulatory Reform in Japan was among the first in a series of in-depth reviews on regulatory reform. Since 1999, when the review was published, Japan introduced a number of measures to enhance regulatory quality and promote regulatory reform, competition policy and market openness.
The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
Japanese banks largely avoided the direct impact from the global financial crisis thanks to their limited exposure to foreign toxic assets, the regulatory framework in Japan and the small role of securitisation.
As attention shifts to fiscal consolidation, sustaining output growth will depend increasingly on private domestic demand, requiring reforms, particularly in the labour market and the non-manufacturing sector.
Since 1999, the Japanese government has introduced a number of measures to enhance regulatory quality and to promote regulatory reform, competition policy and market openness.
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This report is part of the monitoring of developments since the 1999 OECD Report on Regulatory Reform in Japan ("1999 Report"), with particular attention to the implementation of its recommendations.
Regulatory reform is at the heart of Japan’s strategy for economic recovery and long-term growth.
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Government concerns about high electricity prices, the highest in the OECD, have led to reforms of the sector of which the introduction of competition is seen as a key measure.
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Japan is one of the few countries to have introduced competition in the 1980s, along with the United States and the United Kingdom. Since market liberalisation began in 1985, Japan has introduced many liberalisation measures to encourage fair com...
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Does the national regulatory system allow foreign and domestic enterprises to take full advantage of competitive global markets? Reducing regulatory barriers to trade and investment enables countries in an expanding global economy to benefit more...