The government has decided on a set of legal measures to root out "sokaiya" corporate racketeers and to have stricter penalties imposed against them, officials said Friday.
A group of 12 ministers agreed that the current legal framework must be revised to that end during the next Diet session, the officials said.
Specifically, the ministers decided they will try to revise the Commercial Code, the Banking Law and the Securities and Exchange Law to impose heavier penalties on companies found to be dealing with sokaiya.