Consumers, the Legal System and Product Liability Reform : A Comparative Perspective Between Japan and the United States
AbstractA new Product Liability (PL) Act in Japan became effective in July, 1995. In the United States, congress passed, subject to the endorsement of the president, the legislation that limits the ceiling of compensations and punitive damages in PL cases. Thus, there seems to be a converging tendency between the Japanese system, which has relatvie emphasis on industrial interests and encouraged off-court settlements, and the U.S. system, which has relatively emphasized consumers' interest and encouraged litigation. This paper explains the legal content, the social background and the legislation process of the new PL Act in Japan.
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Bibliographic InfoPaper provided by Yale - Economic Growth Center in its series Papers with number 759.
Length: 46 pages
Date of creation: 1996
Date of revision:
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PRODUCTS; JAPAN; UNITED STATES; LAW;
Find related papers by JEL classification:
- K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
- N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
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