Koizumi tackles nation's debt pile in reform plan

Article Abstract:

Japan's government, led by Prime Minister Junichiro Koizumi, has approved an economic reform plan proposed by the Economic and Fiscal Policy Council. The plan includes a restructuring of bank debt to be aided by the Resolution & Collection Corp., and the privatization of public corporations including the state-owned postal savings system. Japan's economic growth is forecast at only 1% for the next couple of years, with a target rate of 3.5%.

Liabilities NEC, Economic Planning & Research, Government revenues, Statistical Data Included, Economic conditions, Japan. Economic Policy Council

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Koizumi has a plan to reform state sector

Article Abstract:

Prime Minister Junichiro Koizumi is planning to privatize Japan's public-sector corporations, but many economists believe that stimulating the economy should take precedence over privatization. Although Koizumi claims that the reforms could boost demand, others fear that public corporation cutbacks and budget cuts will actually hurt demand.

Economic Programs, Administration of Economic Programs, Privatization, Privatization (Business), Government ownership, Nationalization

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Koizumi is blind to Japan's need for inflation

Article Abstract:

Prime Minister Koizumi's economic reform plan for Japan includes structural reform and fiscal austerity, but that policy does not take into account the pressing issue of falling prices. Forced inflation could increase the value of household assets and encourage spending, thus helping Japan avoid another recession.

Wage & Price Stabilization, Editorial, Economic aspects, Inflation (Finance), Wage price policy, Inflation (Economics), Deflation (Finance), Deflation (Economics)

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