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This panel discussion, led by Takahashi from the Stanford Japan program, focuses on the significant changes in corporate governance in Japan, which has become a key aspect of the country's economic reform agenda. The event marks the conclusion of the Japan program for the academic year, emphasizing the importance of these reforms that have led to tangible changes within Japanese corporations over recent years. Two leaders in corporate governance reform were invited to share updates and insights on the advancements and future direction of corporate governance in Japan. The panel highlights ongoing efforts to enhance governance practices within the Japanese corporate sector.