Is activist shareholding seeing a renaissance in Japan?

Last week I published a post about activist shareholders and corporate governance in Japan.

http://undervaluedjapan.blogspot.de/2012/05/main-problem-with-japanese-equities.html


It looks like activists are waiting in the wings. And this time they're coming from within Japan.

http://blogs.wsj.com/deals/2012/05/17/new-form-of-japanese-activism-takes-shape/

This is going to be very interesting to watch.