Mr Koizumi must find a cure for the Japanese disease before it's too late

Article Abstract:

The government of new Japanese Prime Minister Junichiro Koizumi must deal with the problems within the country's financial system before it can revive the economy. There must be a successful bank rescue scheme, and the government must also improve the management of its own finances by reducing spending.

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Japan must face need for change

Article Abstract:

The Japanese financial system has been seriously weakened by the fall in the markets, reflecting its inherently unstable nature. Japan has been successful through following a particular set of economic policies, and is now unable to make the changes necessary to reverse these policies. The domestic market remains highly regulated, and only a small range of manufactured products is exported.

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Japanese turn envious eyes on the UK's Big Bang reforms

Article Abstract:

Plans for structural reform in Japan are mainly designed to create a basis for more rapid economic expansion. The country's tax and financial systems will be much more closely aligned with the Anglo-American models, and reform plans are closely modeled on London's Big Bang of Oct 1986. The Japanese economic system has traditionally been highly respected internationally, but it now seems that it will come to resemble much more closely that of the UK.

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