Introduction  Empirical research shows that better developed financial systems accelerate economic growth and shrink income inequality by disproportionately increasing the earnings of lower income families1 i.e. enabling growth with equity, which is so vital for our country. A well developed financial system will require sound legislative framework because, legislation is the foundation on which institutional frameworks stand.
However, as I have explained, steady steps are being taken to address them and the results are gradually becoming apparent. I believe that, by pushing ahead with such measures, it is entirely possible for Japan's economy to attain a new era of economic development.