Instead of allowing market competition freely rein as a kind of “discovery procedure”, the government has assumed the responsibility of making important allocation decisions. The government has determined the sectors the conglomerates can engage in, and stipulated that the financial institutions can lend only to selected businesses. This pattern of direct intervention in private decision areas has improved somewhat through the liberalization process in recent years, but has generated far-reaching and long-lasting interventionistic mind-set of the policy makers regarding the role of market.