由于政府的行政规制及保护政策，日本的证券市场在规模和水平以及在制度建设和 环境整备上都远远落后于美英等国，对证券市场进行全方位改革，建立公平、公正 和具有国际竞争力的证券市场已成为日本“大爆炸”式金融改革的重要内容，在这种 情况下，日本证券市场正发生着７大方面的深刻变化。 Due to the government’s administrative regulations and protection policies, the securities market in Japan lags far behind the United States and Britain in scale and level as well as in system construction and environmental readiness, making all-round reforms in the securities market and establishing a fair, just and internationally competitive market The stock market has become an important part of Japan’s “big bang” financial reform. Under such circumstances, seven major changes have taken place in the Japanese stock market.