Contributions from prominent Japanese scholars in the fields of political science, law and economics examine the impact for European Governance of the Nice Treaty on institutional reform. - Съдържа: Preface / Koji Fukuda and Hiroya Akiba -- pt. I. Reform of the European Union -- 1. The direction of the European constitution after the Nice Treaty / Tamio Nakamura -- 2. Euro and exchange rate stability / Hiroya Akiba.*