Yoshiro Miwa Braudo
Professor of Economics at the University of Tokyo

J. Mark Ramseyer
Mitsubishi Professor of Japanese Legal Studies at Harvard University

We gratefully acknowledge the helpful comments and suggestions of Yoshitaka Fukui, David Gilo, Curtis Milhaupt, Robert Rasmussen, George Triantis, Elizabeth Warren, and
workshop participants at the University of Pennsylvania and the University of Tokyo. We received generous financial assistance from the John M. Olin Program in Law, Economics and Business at the Harvard Law School (Ramseyer), the East Asian Legal Studie:i Program at the Harvard Law School (Miwa), the Center for International Research in the Japanese Economy at the University of Tokyo (Miwa), and the Business Law Center at the University of Tokyo (Ramseyer).