Word: koizumi
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...With the calm passing of time, China and South Korea may be perceived to be in the wrong." JUNICHIRO KOIZUMI, outgoing Prime Minister of Japan, on complaints from neighboring countries over his visits to the controversial Yasukuni Shrine honoring Japan's war dead, in his final statement before leaving office...
Junichiro Koizumi has left Japan's economy in better shape than he found it upon becoming Prime Minister in 2001. The most consequential achievement was stabilizing the banking system by slashing nonperforming loans (NPLs). This was indispensable to the recovery of the past few years. Koizumi also cut wasteful public works. Still, with so much unfinished business, it is vital that his successor (and Japan as a whole) resists complacency...
...more to spur fiercer competition at home, as well as to attract more foreign investment and imports. All of that will have to take place in a new political climate. Growing income inequality and a rising poverty rate have become big issues. Some opponents of reform blame this on Koizumi's alleged "market fundamentalism." In fact, the trend began two decades ago-though it has intensified in recent years. Abe's challenge is to combat inequality and provide a better "social safety net" while continuing with market reforms. Such reforms, and the sustained growth they will bring, will have...
Sayonara, Koizumi...
Crowd-pleasing Elvis fan Junichiro Koizumi bids farewell to the top job in Japan this week. His likely successor: conservative Shinzo Abe, right, who hopes to revamp Japan's pacifist constitution...