The Japanese economy today is required to function within a mechanism under which any institution is responsible for its own course of action and then the market and the public examine and evaluate the actions taken, instead of within a system governed by advance examination based on administrative supervision and regulations.
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.