A governmental advisory body is compiling a set of proposals on revising Japan's three-year deregulation program, adding a number of new items such as the removal of the speed limit for minivehicles and larger motorcycles on expressways, government sources said Wednesday.
It will also include the removal of the 5 percent cap on equity holdings by banks in corporations.
The panel, led by Yoshihiko Miyauchi, president of Orix Corp., is expected to submit the proposals on changes to the 1998-2000 deregulation program to the government's Administrative Reform Promotion Headquarters, headed by Prime Minister Keizo Obuchi, later this month.
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