29 October 2001, 09:23 Takenaka - Japan must push for faster reform but needs to follow
HONG KONG (FWN) - Japan's Minister for Economic and Fiscal Policy Heizo
Takenaka said his government needs to push for a faster pace of reform but at
the same time needs to pay attention to the normal procedures of a democratic
society.
Speaking at the East Asia Economic Summit, he said it is inappropriate to
compare directly reforms conducted by the Japanese government as against those
carried out by companies.
He said a corporation can easily change its budget but a government will
need to consider the workings of the Diet in arriving at a budget.
"We have to pay more attention to these (procedures) than the private
companies," he said.
Takaneka said the government's reform programme is currently in the second
half of the first stage.
The second stage of the reform programme involves more fundamental changes
to the pension scheme, taxes and the budget, he said.
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