Grant-in-Aid for Scientific Research (A)
|Allocation Type||Single-year Grants|
|Research Institution||SOPHIA UNIVERSITY|
SHODA Akira SOPHIA UNIV.the faculty of law, a professor, 法学部, 教授 (10051137)
HONMA Sigeki SIZUOKA UNIV.the faculty of humanities and social science, a professor, 人文学部, 教授 (30013014)
FUNADA Masayuki RIKKYO UNIV.the faculty of law, a professor, 法学部, 教授 (60062676)
NOGIMURA Tadakuni NIHON UNIV.the faculty of law, a professor, 法学部, 教授 (10096878)
TAKAHASHI Iwakazu KANAGAWA UNIV.a junior college, a professor, 短期大学部, 教授
KANEKO Akira KEIO UNIV.the faculty of law, a professor, 法学部, 教授 (20051469)
|Project Period (FY)
1996 – 1995
Completed(Fiscal Year 1996)
|Budget Amount *help
¥7,600,000 (Direct Cost : ¥7,600,000)
Fiscal Year 1996 : ¥3,600,000 (Direct Cost : ¥3,600,000)
Fiscal Year 1995 : ¥4,000,000 (Direct Cost : ¥4,000,000)
|Keywords||Corporate Concentration / Group of Enterprises / Distribution Keiretsu / Production Keiretsu / Internationalization / Sociology of Law / Business Practices / Antimonopoly Act|
The present project focused on the following themes as an extensional research based on our work during the previous year.
First and foremost, the imminent lifting of the ban on the establishment of holding companies in Japan was brought to attention. Ligalizing holding companies is on the list of recommendations for deregulation inthe financial sector by the govermnet.
Examinations were made and their results compiled as regards historical and theoretical reasons for the total ban on holding companies, potential problems with legalization of holding companies in the financial industry, and comparison of relevant laws and regulations in the United States, Europe and the rest of the world.
Secondly, as a subject inseparable with the above systemic reexamination was given on regulating business affiliation according to Chapter Four of the Antimonopoly Law and the applicable regulatory measures. In particular, specific plans to reconsider the current procedures for notification of mergers an
d acquisitions to the authorities were explored.
Third, difficulties recently experienced by business affiliates, or keiretsu.
Globalization driven by expansion of overseas manufacturing and increases in imported parts has exerted profound influence on the production of domestic affiliates and subcontractors within the framework of keiretsu. Hearings snd other forms of survey and analyzes there of were conducted with the help of Toyota and other companies. In addition, reorganization of the just-in-time inventory system called kanban was examined. Hearing were also done on the issue of auto imports and other matters of interest.
Fourth, concurrent with the above subjects on keiretsu, theoretical review of justifications for regulating vertical restrictions such as the practice of resale-price maintenance. Also done was a comparative inquiry into the latest trends in the corresponding academic circles of the United States including the Chicago school.
Fifth, comprehensive review of Japan's anti-trust law for its 50th anniversary this year. Possible removal of the ban on holding companies attests to the fact that the law has come to a critical turning point in historical terms. Fast and forcible evolution of economic globalization demands international harmonization of domestic anti-trust policies.
Discussions were made on the reasons and needs for anti-trust laws to regulate the types issues the Antimnonpoly Law confronts at its juncture were discussed as well. Less