Today I would like to play a role similar to that of the infamous skunk at the garden party, and argue that deregulation may not be such a good thing for Japan as this conference has been saying. America s lack of a powerful bureaucracy is the exception among nations, not at all the rule. Its successes are defensible.
Deregulation is unfeasible in large part due to Japanese demographics.
I come from a Civil Service family. My father was head of the Austrian Ministry of Economics. France goes much further. Every university rector in France comes out of the government, without a single exception. And France goes much further in administrative guidance.