After decades of market distortion due to the Large Scale Retail Store Law (LSRSL) and its restriction on large retail spaces at city center, the GOJ (Government of Japan) is proposing a solution — a new City Planning Law, with new restrictive legislation that would propose to correct the distortions caused by the LSRSL by creating new restrictions on the creation of big box retail in the suburbs. This will create further distortions. The right approach is to scrap the LSRSL. (more…)