Such reforms will fundamentally change the economic and social structures of Japan, making them more consistent with global standards. The old methodology of carrying out reforms within the conventional framework and ways of thinking must be changed. It is necessary to consider how the distinctive systems and ways of thinking in Japan could be changed from a perspective of global standards.
The issue of the revision of the Bank of Japan Law has drawn attention overseas along with the “Big Bang” package of financial reforms. This is because the revision of the Law is regarded as a test case of whether or not Japan can change itself.