Global Integrity Report

Japan Home

Facts

Timeline

Notebook

Integrity Scorecard

2007 Assessment

Japan: Integrity Indicators Scorecard

Japan: Integrity Scorecard Report > Sub-Category: Privatization
Indicators		Score
50	Is the privatization process effective?	33
51	Can citizens access the terms and conditions of privatization bids?	100

Indicator and sub-Indicator Details

Is the privatization process effective?

50a: In law, all businesses are eligible to compete for privatized state assets.

Score:

YES

Comments:

References: Privatization in Japan is being carried out by Initial Public Offering (IPO), not by bidding. Namely the government transforms government-owned enterprise into joint stock company owned by government, and afterwards the stocks are gradually sold in the stock market to many and unspecific persons.

50b: In law, there are regulations addressing conflicts of interest for government officials involved in privatization.

Score:

YES

Comments: In the case of privatization under Inital Public Offering, conflicts of interest regulation for government officials are deemed unnecessary.

References: Not specifically.

50c: In practice, conflicts of interest regulations for government officials involved in privatization are enforced.

Score:

100

Comments: As conflicts of interest regulation do not exist under Initial Public Offerings, naturally they are not enforced.

References: Not required in law.

Can citizens access the terms and conditions of privatization bids?

51a: In law, citizens can access privatization regulations.

Score:

YES

Comments: Citizens can access the content of each privatization, reading its respective Privatization Act.

References: For each privatization, National Railway Privatization Act, NTT Privatization Act, National Post Service Privatization Act, etc. are promulgated.

51b: In practice, privitizations are effectively advertised.

Score:

100

Comments:

References: Through the official gazette and media in general the privatization process is effectively advertised and further through the securities company concerned are advertized when and how government owned stocks are to be sold in the market.

51c: In law, the government is required to publicly announce the results of privatization decisions.

Score:

YES

Comments:

References: The privatization decision is publicly announced by its respective Privatization Act.

51d: In practice, citizens can access privatization regulations within a reasonable time period.

Score:

100

Comments:

References: Citizens can access such records through the official gazette and media within a reasonable time period.

51e: In practice, citizens can access privatization regulations at a reasonable cost.

Score:

100

Comments:

References: As each Privatization Act is accessible through the media, citizens can access it without cost.