Crowdfunding in Japan: Current Regulation and the Future of Business

14 Pages Posted: 21 Mar 2016

Date Written: March 21, 2016

Abstract

This paper surveys crowdfunding in Japan. After observing the history of crowdfunding in Japan, the paper categorizes crowdfunding services into several types. Each type of crowdfunding service is subject to different regulation framework with various regulatory purposes. The paper also provides a reflection on the future of crowdfunding business in Japan and its regulation. Specifically, the paper argues the effect of 2014 reform of Japanese securities regulation which has enabled equity crowdfunding platform business.

Keywords: Crowdfunding, financial regulation, investor protection

JEL Classification: G24, K22

Suggested Citation

Morita, Hatsuru, Crowdfunding in Japan: Current Regulation and the Future of Business (March 21, 2016). Available at SSRN: https://ssrn.com/abstract=2752312 or http://dx.doi.org/10.2139/ssrn.2752312

Hatsuru Morita (Contact Author)

Tohoku University ( email )

27-1 Kawauchi Aoba-ku
Sendai, Miyagi 980-8576
Japan
+81-22-795-6224 (Phone)
+81-22-795-6250 (Fax)

HOME PAGE: http://www.law.tohoku.ac.jp/~hatsuru/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
739
Abstract Views
2,456
rank
47,487
PlumX Metrics