A serious bus accident occurred on January 15th in the mountainous region of Japan, which claimed 15 lives. Most of the victims were young. This accident would be recorded as one of the most miserable accidents in Japan. The full-scale investigation into the accident is still underway.
In addition to the poor driving technique and the possible breakdown of the braking system, it is said that the background of the accident might be caused by the wrong policy of the Government, the loosening of regulations. The relaxation of various regulations made it easy for ordinary people to build new companies. Consequently, too many bus companies were established and this boosted the cutthroat competition among smaller companies. Anyway, I'm going to keep an eye on the investigation.
easing / loosening / relaxation of regulations 規制緩和
cutthroat competition / dog-eat-dog / excessive competition 過当競争