Staff writer

As part of ongoing efforts to revive Japan's industrial competitiveness, the government is set to drastically revise legislation covering small and medium-size companies and venture businesses during the extraordinary Diet session that opens today.

For starters, the Cabinet will endorse bills today to revise the 1963 Small and Medium Enterprise Basic Law changing the government's policy of providing assistance to small and medium-size firms, which are presently viewed as underdogs vis-a-vis bigger enterprises, according to government officials.