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Japanese PM Vows "Sweeping" Reforms
Japanese Prime Minister Junichiro Koizumi vowed to carry out "sweeping structural reforms" in the nation's economy and politics in a policy speech at the Diet (Parliament) in Tokyo on Monday afternoon.
"I will pursue reforms in the nation's economic, fiscal, administrative, social and political systems under my belief that there will be no revival and development of Japan without structural reforms," said the 59-year-old Koizumi.
Koizumi, who was sworn in as Japan's 56th prime minister on April 26, promised "not to fear pain, not to flinch from the barrier of vested interests and not to be shackled by past experiences" in carrying out the reforms.
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