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ACGA Blog: Decoding Japan’s New Stewardship Code and 2025 FSA Action Programme

Japan’s stewardship and corporate governance journey entered a new phase with the release on 26 June 2025 of the Financial Services Agency’s (FSA) revised Stewardship Code (Version 3.0) (1). The Stewardship Code, first introduced in 2014, sets forth principles for responsible institutional investors and has become a foundational component of Japan’s broader corporate governance reforms, writes Anuja Agarwal, ACGA Research Head, Japan and India. Read more here.