01686cas a2200265 a 4500 AALejournalIMF014614 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498378253 1018-5941 BD-DhAAL BD-DhAAL Aoyagi, Chie. Unstash the Cash! : Corporate Governance Reform in Japan / Chie Aoyagi, Giovanni Ganelli. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Japan's high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan's weak corporate governance-as measured by available indexes-might be contributing to high cash holdings. Our empirical analysis on a panel of Japanese firms confirms that improving corporate governance would help unlock corporate savings. The main policy implication of our analysis is that comprehensive corporate governance reform should be a key component of Japan's growth strategy. Mode of access: Internet Japan imf Ganelli, Giovanni. IMF Working Papers; Working Paper ; No. 2014/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/140/001.2014.issue-140-en.xml IMF e-Library