A private advisory group to the Ministry of Posts has found that at least 18 laws will have to be revised. Laws will have to be revised to meet the entry of home shopping via tv. The Large Scale Retailers Law restricts the opening of new large retailers. The new Credit Sales Law gives consumers the right to stop payment for breach of promises. How is this to be met by purchases made based on television images.
Laws restrict the operating hours and timing of transactions made via banks of securities firms.
Labor laws on working will have to be revised to meet enhanced telecommunicating possibilities. The Ministry of Posts also plans to call for tax reduction measures amounting to 90 billion yen for the development of the industry. Special depreciation will be proposed for first class electric telecommunications businesses. Special tax measures would be enacted for facilities investments in Teletopias. It is not certain whether the Ministry of Finance will permit tax cuts of this size however.