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Kotaru Tsuru

Kotaru Tsuru

Research Category


Area of Interest

Comparative institutional analysis, organizational and institutional economics, political economics, law and economics

Recent Thoughts

I am interested in the influence exerted on institutional change as a whole by the interaction between private order (i.e. “soft” institutions) and the public order of regulations and legal systems (i.e. “hard” institutions), as well as its implications for institutional reform [please see my book Nihon no keizai shisutemu kaikaku (“Reform of Japanese Economic Systems”)]. Specifically, I am working on applications for institutional reform of labor markets and the governance of fields like M&A.


  • "Japanese corporate governance in transition", Seoul Journal of Economics, Vol. 13, No. 3: 253-278, 2000 Fall

Recent/Ongoing Works

Home Page


Research Institute of Economy, Trade and Industry; Keio University