Why did Japan transfer state-owned enterprises during the Meiji Restoration?

According to the viewpoint of modern liberal economics, the incentive and restraint mechanisms of state-owned enterprises with empty ownership and official enterprise are not as effective as those of private enterprises with clear property rights, and their production efficiency is not as good as that of private enterprises.

Fukuzawa Yukichi was an enlightenment thinker with great influence in the early Meiji period, and he knew this at that time. He believes that the role of the government is to adjust people's lives and keep them in a certain order. The government should not interfere with people's economic activities, but should allow them to move freely. He lashed out at official enterprise and semi-official and semi-civilian enterprises. With the gradual development of economy, ordinary people and private enterprises have also realized the harm of competition between government enterprises and the people.

The government can no longer turn a blind eye to the criticism of government-run and semi-official enterprises and the call for their withdrawal. 1880, 16543815 October, the Meiji government announced the general principles of factory transfer, marking a major shift in colonial production policies. The government-government reason is: "The factory established to reward the industry has now reached a scale and developed its business, so the government-government intends to gradually privatize the factory under its management."