Saturday, June 24, 2006

japan and the deregulation blues.

I've been reading the editorials over at yomiuri.co.jp again... and all these months later, they're still telling the same story: Japan needs to deregulate to compete. Also just like when I was last reading them, a good number seem to be about how deregulated industries are failing in their duties.
Back then it was securities exchanges (horie) and earthquake-proofing (huser). Now it's non-paying insurance companies (mitsui sumitomo) and the unconsidered pitfalls of last years postal deregulation... it's going to be difficult to find private carriers willing to take the unprofitable (sparsely populated) regions of the country, at least for the same price as local service.

What's the argument? That these minimally regulated, or recently deregulated fields are exceptions?

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