He even says that Japanese individuals and corporations can become good citizens in the global community and thus make a contribution to the promotion of healthy individualism. What we need is a drastic change in the system so that it will fit the coming information society. I hope that the Regulatory Reform Committee will take revolutionary measures to completely disband the excessive regulatory structure in the government and also in society. Mr. Suzuki's paper deals with exciting changes in the IT era. Reform, on the other hand, sounds too moderate, almost like a counter-revolutionary measure.
Deregulation usually takes place as a part of reform.
When changes are moderate and long lasting, such reform may be appropriate to avoid unnecessary confusion. But when the situation is at the level of a revolution, such reforms are usually ineffective and possibly mask the necessity of real changes and a new framework needed for the New Regime. A hard-landing scenario may not look realistic, but on the other hand, a happy transfer for everybody from the Old Regime to the New Regime can hardly be imagined. Abolishing the existing system may be too radical and not feasible to implement, but in a revolution radical ideas are needed as a start to predict the future correctly. The answer to this question depends on the types of regulatory reforms that are implemented.