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Political Ideologies and Corruption
Government Overview (Central Intelligence Agency)
| Government Type | Parliamentary constitutional monarchy |
| Political Leaders | Prime Minister Shinzo Abe |
| Political Pressure (Or Opposition) Groups | The Constitutional Democratic Party of Japan (CDPJ) Democratic Party for the People (DPFP) |
| Recent Changes in Governing Rule | Emperor Naruhito took over in 2019 after father, Akihito, abdicated the throne. |
Corruption (Transparency International, 2015)
| Bribe Index | Rank: 4/28 Score: 8.6/10 |
| Corruption Perception Index | Score: 73/100 Rank: 18/180 |
| OECD Anti-Bribery Convention | Enforcement: Impressive |
| Control of Corruption | Score: 89.42% |
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Business Observations
There appears to be less risk for investors in Japan. Politically, there have been plans to merge CDPJ and DPFP which shows that political differences in Japan are not huge. Moreover, the re-election of Shinzo Abe in 2012 shows that citizens have confidence in their government. The continued presence of the monarchy and the respect its attract among Japanese also shows that the Japanese are governable and that political turmoil is unlikely.
The low bribery index in the country of 8.6/10 shows a relative absence of bureaucracy which can be a huge turnoff to investors. Palmer and Park (2019) argued that government-led bid-rigging on contracts was still persistent. This involves a public officer acting aiding a firm win a bid in return for kickbacks. This can be particularly discouraging for foreign firms seeking government projects.
The high control of corruption and impressive enforcement of the OECD Anti-Bribery Convention shows that the country committed to fighting the vice. This also shows a high level of commitment to provide a fair playing ground for firms whether local or foreign. Overall, the data shows that the country is less risky and attractive to investors.
References
Central Intelligence Agency. (2015). The world factbook: Turkey. Retrieved from https://www.cia.gov/library/publications/the world-factbook/geos/tu.html.
Palmer, C., & Park, J. (2019, 6). International legal business solutions – Global Legal Insights. GLI – Global Legal InsightsInternational legal business solutions. https://www.globallegalinsights.com/practice-areas/bribery-and-corruption-laws-and-regulations/japan
Sugiyama, S. (2020, January 17). Japan opposition parties’ failing merger bid offers glimpse into divisions. The Japan Times. https://www.japantimes.co.jp/news/2020/01/17/national/politics-diplomacy/japanese-opposition-failing-merger-divisions/
Transparency International. (2015). Corruption by country/territory: Turkey. Retrieved from http://www.transparency.org/country#TUR.