Dealing with Bribery: A Perspective from Japan
“Japan is one of the lower risk countries for foreign companies in terms of bribery issues.”
This is a statement recently made at a compliance forum in Tokyo attended by Japanese based corporates but also multinationals headquartered in a variety of global cities.
Japan has a clear legal framework on bribery under Articles 197 and 198 of the Japanese Criminal Code which forbids the giving, offering or promising to give a bribe, including anything that could be perceived as a bribe, by a private individual to a public official.
Certainly, Japan ranks at 20 out of 170 on Transparency International’s Corruption Perceptions Index. But there have been a number of recent headlines that raise the question as to whether this is an accurate portrayal of the risks prevalent in Japan.