Reduce the power of Wall Street: Constrain the market for corporatecontrol, in which minority investors strong-arm chief executives into maximizing short-term profits.
Foreigners are waiting for Japan to open the market for corporatecontrol by honouring its promise that they will, in effect, be able to issue shares to finance a takeover.
But it has also arguably left large parts of the European small business sector under-capitalized and impeded the development of a healthy market for corporatecontrol, holding back economies such as Italy in an age when scale matters.