The government launched a new three-year deregulation program Friday that features measures to promote information technology but skirts the proposed dismantling of the holding-company structure of NTT Corp.

The program was endorsed at a morning Cabinet meeting and covers 554 deregulatory items in 15 areas, including IT, education and the environment, over a three-year period beginning fiscal 2001, which starts Sunday.

The government will set up a consultative panel in the Cabinet Office to monitor the introduction of the new plan with an eye to revising it at the end of next March.