Japan’s Corporate Reform Enters a New Phase

GMO /

27-08-2026

Japan’s governance reforms are increasingly shifting toward corporate control, creating new opportunities for value creation while raising questions over how much reaches minority shareholders.

The market is moving toward greater consolidation as policymakers push companies to improve capital efficiency, scale and competitiveness.
National-security considerations are increasingly influencing takeovers, potentially narrowing the pool of buyers and limiting premiums available to minority shareholders.
The medium- to long-term outlook remains constructive, with governance reform, shareholder engagement and corporate restructuring creating a growing opportunity set beyond large-cap companies.

Explore the full report for a deeper look at Japan’s evolving market for corporate control.