We will actively support the efforts by the Government to promote deregulation. We must fulfill our self-responsibility to accept the pain of deregulation, and not only utilize the fruits of a revitalized market, but also re-evaluate irrational commercial practices.
It is also very important for Japan to advance domestic deregulation measures in order to lead the way in providing a freer market for investment.
Furthermore, Japan has concluded bilateral investment agreements (BITs) with only four countries, and there is no sufficient system currently in place for protecting its overseas investments. The changing structure of Japan's industry makes it necessary for Japan to maintain a sound and rational mechanism for returning home the fruits of its overseas investments. In this sense as well, we believe that a meaningful MAI will lead to many benefits.