This reads like a lossy compression of METI and Sangyo Saisei Kiko("Industry rejuvination body") project criticism. The METI(ministry of economy, trade, and industry) had attempted to intervene to revitalize multiple major Japanese corporations over the past few decades, very few of which saw successes.

Bureucratic and indecisive nature of managing government employees are often brought up as a contributing factor, which applies to every government decisions ever, so this assertion do need citations to be a valid point in a discussion.