A government advisory panel on deregulation has proposed creating special deregulation zones and compiling an interim report as early as June.
Orix Corp. Chairman Yoshihiko Miyauchi, who chairs the Council for Regulatory Reform, told reporters Tuesday that he thinks special zones could be established as models for groundbreaking regulatory reforms to spur the economy.
The panel, which advises Prime Minister Junichiro Koizumi, was discussing its activities for the year starting in April.