· Creating a Financial System Where Market Discipline Functions Properly Yasuyuki Fuchita · The Latest Changes to the Rules Governing the Green Sheet Market Sadakazu Osaki · Regulation of Japan's Capital Markets and the Battle for Control of Nippon Broadcasting System Sadakazu Osaki · Financial Institutions and the Issue of Business Succession in Japan Takanori Hamada · The Reform of State-Owned Enterprises in China: The Groundwork for Privatization Needs to Be Laid Urgently C. H. Kwan