s the sluggish commercial landscape of Japan in the late 1990s and early 2000s subsided to dynamic, healthy inflation rates, Japanese businesses have since undergone a psychological sea change. What began as a top-down push for better corporate governance and capital efficiency at the beginning of the last decade has transformed into the default management philosophy of industry leaders across the country. As such, when the Tokyo Stock Exchange published its milestone corporate governance code in 2015, it took just two years for nearly 90% of all listed companies
