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Basic Policies 2005 Highlights Half-Complete Structural Reform.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Izumi Masaki
In June, the government called a meeting of the Council on Economic and Fiscal Policy (CEFP) and an extraordinary cabinet meeting, and officially approved the Basic Policies for Economic and Fiscal Management and Structural Reform 2005 (the Basic Policies 2005), which sets the guidelines for the FY 2006 budget drafting. For Prime Minister Koizumi Junichiro, whose term as president of the Liberal Democratic Party (LDP) will expire in September 2006, these are the final Basic Policies with jurisdiction extending to the actual budget drafting. However, out of caution over the potential ...
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