The corporatization of national universities, which was brought into effect in October 2003, and whether it belongs to the category of legal protection within the debate on Japan's academic freedom and university autonomy, is debatable. The National University Corporation Law signifies the fundamental transformation of Educational Civil Servant Special Law and other post-Second World War university laws. However, it is undeniable that the transformation of national universities into independent and corporate entities forms the core of policy deployment of global capitalism, and its political manifestation, neo-liberalism. I would like to position the actualities of national universities, after one year of corporatization, within the process of economic and financial 'money power' domination.