Prime minister outlines some of his first policy points
Article Abstract:
Japanese Prime Minister Junichiro Koizumi aims to put a limit on government debt and resolve the banks' bad loans problems, but he has warned the nation that revitalization will not be painless. His promises and plans include abandoning bailouts for troubled companies and heavy government spending as a means to support the economy, capping new government debt at 30 mil yen ($247.35 billion) for the year ending March 2003. Koizumi's campaign pledges and economic program are discussed.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Koizumi first must reform the LDP's old guard
Article Abstract:
Newly elected prime minister of Japan Junichiro Koizumi represents a new attitude for the government and the people. Koizumi was elected with a mandate for economic change and is supported by 65% of the Japanese public, as shown by recent surveys. He is in favor of deregulation and the privatization of the country's postal-savings system which holds over half of the annual gross domestic product, money that could be used as capital for boosting financial and equity markets.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Koizumi's economic-reform plan is stirring a backlash
Article Abstract:
As Japan's prime minister Junichiro Koizumi lays out his plans for economic reform, opponents of the measures are starting to speak up. Critics believe that small and midsize businesses should be excluded from having to pay back debts under Koizumi's scheme, and privatization of the housing loan sector is also under fire.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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