Japan should adopt a variety of deregulation measures, including the dismantling of the current holding company structure of Nippon Telegraph and Telephone Corp. and permitting companies that issue stocks to run hospitals, a government advisory panel recommended Tuesday.
In a report submitted to the government's Administrative Reform Promotion Headquarters, the Regulatory Reform Committee warned of a widening gap between Japan and other countries where deregulation has activated their economies.
The report says it is necessary for the government to accelerate reforms in social as well as economic structures and to reconsider the current legal system.