Word: ozawa
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...OZAWA: Well, we have no intention of going back to the traditional system. We have to incorporate free-market competition into the lifetime employment system. But we need to keep the good aspects and benefits of that old system so that we can mix them together...
...Ichiro Ozawa, president of Japan's main opposition party, the Democratic Party of Japan (DPJ), has been a behind-the-scenes political player for more than 20 years. But the ruling Liberal Democratic Party of Japan is losing its grip on power, and Ozawa might be stepping into the premiership after the next general election. At his office in DPJ headquarters in Nagatacho, the heart of Tokyo government, Ozawa spoke with TIME's Michael Elliott and Coco Masters about reforming the economy, the trouble with bureaucrats and U.S.-Japan cooperation. (Read "Ozawa: The Man Who Wants to Save Japan...
...TIME: President Ozawa, you've always had a reputation for 25 years as being a man behind the scenes in Japanese politics. Do you want to be Prime Minister...
...OZAWA: I don't say that I really like doing jobs behind the scenes. Rather I'm very much good at, fond of, working at practical things and therefore I don't like to be showy on the stage...
...OZAWA: Looking back over the past 10 years, the government under the Liberal Democratic Party promoted excessive deregulation in the name of globalization and reforms. If you take a look at the situation in the area of national income, (corporate) managers were able to increase their income by twice to three times, and shareholders' dividends increased by twice that again. But the real income of salaried workers declined by 7% to 8 %. This demonstrates an excessive market economy produced a handful of super-rich people and the income gap widened. We have to rectify the disparities in the distribution...