(Reuters Breakingviews) - Things are getting testier at Japan Inc. In a rare act...
A man walks past the logo of Japanese general trading company Itochu Corp at the company's headquarters in Tokyo July 27, 2009. REUTERS/Stringer/File Photo
The prime minister’s monetary and fiscal policies flew fast from his economic quiver after he took office in 2012. Overhauling the way Japanese companies manage their balance sheets and structure themselves, though, has been slower. Revisions to the country’s corporate governance code last year helped, and Abe is pressing the case. Earlier this month, he promised to draft guidelines encouraging listed subsidiaries to have more directors who are independent from the parent companies.
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