Been Quote by Fumio Kishida
“There has been an overreliance on competition and self-regulation to constrain the excesses of market forces. This must change.”
About This Quote
Source Speech: Press Conference, Japan, 2023
Excessive reliance on competition and self‑regulation to curb market excesses is insufficient; systemic oversight is needed.
In simple terms: Markets need stronger regulation beyond competition.
Key Takeaway
Implement stronger, coordinated market oversight.
Themes
economics
policy
regulation
Mood
concerned
analytical
Type
policy
economic
When to use this quote
- financial crises
- corporate governance
- consumer protection
- policy reform
- international trade
Key Concepts
market dynamics
government intervention
self‑regulation
Questions to Reflect On
- How can we balance competition with necessary oversight?
- What mechanisms ensure regulation adapts to market changes?
A Different Perspective
Regulation can stifle innovation if overly rigid.
