Also of interest is the fact that 20% of those surveyed indicated that there were no major hurdles to investing. In February 2007, the Japanese Ministry of Land, Infrastructure and Transport (MLIT) established a study group to assess the potential development of property derivatives in Japan. The resulting report finds that three main actions should be taken. First, indices should be enhanced to reflect realistically the Japanese real estate market. Second, a legal and regulatory framework to monitor and control property derivative transactions effectively should be put in place. Third, market education, including studies on property derivative pricing, indices and trading systems, should be performed.