Structural Reforms in Japan: Promises and Perils

Abstract

Discusses the effectiveness of Japanese Prime Minister Koizumi Junichiro, arguing that, at best, reforms to the structure of Japanese government will be limited. It is contended that Japan's current economic situation is structural in nature, but that structural change will be difficult to effect in this economically grim time. Koizumi's rise to power is documented, as are his power base & media coverage. The major feature of Koizumi's reform plans are presented & analyzed in terms of efficacy. It is concluded that the level of change will be slight, mostly due to the limits on the prime minister's power. The lagging economy, Koizumi's poor political choices, & ambivalent public opinion are also seen as inhibiting reform. Nonetheless, structural reforms are imperative if Japan is to maintain its power in Asia. J. Backman.