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JAPAN'S KOIZUMI TO STRESS STRUCTURAL REFORM IN POLICY SPEECH.
TOKYO, May 1 Asia Pulse - Prime Minister Junichiro Koizumi plans to propose structural economic reforms that will spare no sector in his May 7 policy speech, government sources said.
Koizumi will announce his intentions to have banks dispose of their bad loans within two to three years, and to limit new government bond issuances to no more than 30 trillion yen a year.
In a break with former prime ministers Keizo Obuchi and Yoshiro Mori, his speech will not mention any efforts at economic management geared toward stimulating the economy, on the grounds that the nation has to forge ahead with structural reforms to ensure growth over the medium and long term.
The prime minister will propose providing an enhanced safety net in the form of ...
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