Word: takenaka
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Dates: during 2000-2009
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...been far more successful. According to a BBC poll this year, Japan ranks second in the world when it comes to a positive global image. (Germany barely edged out Japan for the No. 1 spot, while the U.S. was seventh.) "Soft power is a very strong force," says Heizo Takenaka, Japan's former Minister of State for Economic and Fiscal Policy. "If we have the right political leadership, it can be even more powerful...
...statistics from the Ministry of Health, Labour and Welfare, the average Japanese made $2,881 a month in 2002. For most of 2006, the average monthly wage was only $2,749. "The statistics say that the economy is in good shape, but people can't feel that," says Heizo Takenaka, the architect of Koizumi's financial reforms. "Those feelings are understandable...
...Takenaka says he expects consumer spending to pick up as soon as deflation is finally conquered. In the meantime, Japanese companies are coming under fire for failing to pass more of their profits on to workers-and Japanese politicians are being criticized for crowing about a recovery that has been largely driven by business investment as companies gear up to meet the rising demand for exports to the U.S. and China. "There has never been a recovery dating back to 1945 that is so dependent on capital investment," says Richard Katz, editor of the Oriental Economist Report. Should...
...work." In a Jan. 26 policy speech to the Diet, Abe announced that by May he would lay out "Innovation 25," a blueprint for Japanese R&D through 2025. But he has yet to unveil the concrete details that turn intentions into policy. "These are good ideas," says Takenaka, the former Koizumi minister. "But how is his agenda actually going to work...
...STEPPING DOWN. Heizo Takenaka, 55, finance minister from 2001-2005 credited with helping engineer Japan's economic revival; in Tokyo. His controversial reforms halved Japanese banks' non-performing loans, saving many from collapse, and helped initiate the privatization of Japan's gigantic postal savings system. Currently Internal Affairs Minister, he has said he will retire when Prime Minister Junichiro Koizumi's term ends on Sept...