Unwinding red tape
Scepticism there may be, but the Japanese economy is being deregulated. Which industries will benefit and which will lose?
THIS week the yen fell to almost ¥127 to the dollar, its lowest level in more than four years. Japan's big exporters are cock-a-hoop. Many of its car makers, electronics firms and electrical producers have probably made record profits in the financial year that ended in March. According to Toyo Keizai, a financial-information group, 93 of Japan's top 500 companies—nearly all manufacturers—will have made more money than ever before.
This article appeared in the Business section of the print edition under the headline “Unwinding red tape”
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