[1] The laws gave the government the authority to use unlimited budgets to subsidize war production, and to compensate manufacturers for losses caused by war-time mobilization.
Under the reform bureaucrats, corporations like the Showa Steel Works and Manchurian Industrial Development Company were established by the army, who implemented a five year plan.
[5] The government, prior to the passage of the law, began a process of "creeping control", gradually amalgamating and centralizing crucial sectors such as steel and petroleum production.
It empowered the government to draft civilian workers to ensure an adequate supply of labor in strategic war industries, with exceptions allowed only in the case of the physically or mentally disabled.
[7] The law included provisions to control capital, imposing significant limitations on the size of shareholder dividends and restructuring corporations in order to support the desires of employees.
Additional ordinances had long term effects in the Japanese economy, resulting in policies such as Shūshin koyō (lifetime employment), and the implementation of the "seniority wage".