TOKYO -- With more companies seeking to settle disputes through arbitration, Japan's public and private sectors are joining hands to create a new center for commercial arbitration to boost the number of cases handled in the country.
The new center for international arbitration could be set up as early as this year in Tokyo. Lawyer groups, corporations and other private-sector actors will take the lead in its operation. The Japan Commercial Arbitration Association could use the facility as its base while mediating international corporate disputes. Similar associations from other countries may use it as well.