Sectoral imbalances, labor market rigidity and excessive regulation are holding back virtuous cycles between growth and employment and between production and income distribution. In particular, the unemployment problem faced by today’s youth, the future leaders of our society, is deeply troubling because it can even weaken our growth potential in the future.
The residual amount was supposed to be covered by financial assistance from the Deposit Insurance Corporation of Japan (DICJ). However, under the primitive legal framework of that time, the amount of available financial assistance in a bank failure was limited to covering only the insured.