Prescription for the Revitalization of Economy

By Koizumi, Junichiro | Presidents & Prime Ministers, September-October 2001 | Go to article overview

Prescription for the Revitalization of Economy


Koizumi, Junichiro, Presidents & Prime Ministers


The series of terrorist attacks in the United States are not only an attack on the United States; indeed, they represent a despicable attack on all of humankind. On my recent visit to the United States, I saw the devastating scars of those acts of terrorism, and I was filled once again with overwhelming indignation at these appallingly inhumane acts of violence. At the same time, my heart goes out to the people of the United States and to all those who have suffered from the attacks.

The United States has declared that it will take resolute actions in response to these terrorist attacks. We agree wholeheartedly that the countries of the world should unite with the firm resolve to fight this kind of terrorism. I conveyed to President Bush that Japan strongly supports the United States and that Japan will implement all possible measures in response to these acts of terrorism. Japan will, in cooperation with the international community, take effective measures against this threat on its own initiative. We will take necessary action promptly in order to implement the seven-point immediate measures.

It is feared that the acts of terrorism perpetrated in the United States will have an adverse effect on the global economy. The government of Japan, carefully monitoring the situation fully, will, in cooperation with other countries, carry out appropriate responses in order to ensure economic stability in such aspects as the financial system and currency markets.

I would like to present the "Five Goals of the Koizumi Structural Reforms." The first of these is a society in which effort is rewarded and a spirit of allowing people a second chance prevails. The second is a society in which the knowledge of the private sector and local regions are utilized to bring about vitality and prosperity. The third is a society that is caring to others in which people can live safely in peace of mind. The fourth is a society that is enveloped by a beautiful environment that allows for a comfortable lifestyle. Finally, the fifth goal is that of a society that nurtures the dreams and hopes of its children. I will channel all my energies to see to it that we can achieve these goals for our society. While specific measures and an implementation schedule have been detailed in the Reform Schedule, I will advance the reforms further by continuously evaluating and reviewing the state of progress of reforms.

The Japanese economy is at the center of the maelstrom of global economic changes. In order to ride out the storm represented by these changes, we must break away from the attitude that tends to swing between elation and desperation by short-term developments, while paying due attention to the changing circumstances around us.

I will vigorously push forward structural reforms in order to increase the fundamental growth potential of the economy. At the same time, I will respond boldly and with flexibility depending on the economic situation.

The alleviation of the pain that will accompany reforms is a political responsibility. I will demonstrate clearly the means we have at hand to tackle the insecurity of the people of Japan regarding employment.

Although we currently find ourselves in a severe employment situation, there are seven million jobs offers at the Public Employment Service Agency each year, which is more than the number of job seekers. The number of annual job placement advertisements now exceeds three million. Both numbers are on a level with figures during the bubble economy years. In order to eliminate mismatches between job seekers and employers and to ensure that as many people as possible are able to find employment, I will enhance the Job Information Network that enables people to search the Internet for job opportunities and enhance the effective development of vocational capabilities respecting individual choice.

In addition, in cooperation with local governments, I will facilitate the use of human resources and create employment in the public services sector in areas such as education and environmental preservation. …

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