Competition Policy in Japan: Sizing Up the Takeshima Era

Abstract

In this paper the authors reflect on the ten-year term of Kazuhiko Takeshima as Chairman of the Japan Fair Trade Commission. The paper begins with the prior question of what a “competition culture” means in the context of Japan, and a call is made for further conceptualization of the “competition culture” idea, which in the authors’ view cannot be regarded as a homogeneous notion. In light of the substantial evolution that has characterized the antitrust project in Japan in the last two decades, it is proposed that Japan is experiencing a process of “cultural hybridization” that embodies a specific form of competition culture. Against that backdrop, the authors discuss the most notable achievements produced in Japanese antitrust during Mr. Takeshima’s tenure, painting a largely positive picture and including a brief critique where improvements are still needed. In a more prospective vein the paper concludes with remarks on the JFTC’s new leadership and related developments such as significant legislative reforms to come.