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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56386)	11/28/2001 12:52:15 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Japan is trying to fix their country. Stan Japan moves to disband public sector November 27, 2001 Posted: 7:45 PM HKT (1145 GMT) asia.cnn.com Koizumi wants to sell or close down most state companies, and slash their budget 1 trillion yen next fiscal year By staff and wire reports TOKYO, Japan - Japan has cleared a plan to reform seven of its state-backed corporations as the country's leader seeks to shrink the government. Two panels charged with overseeing reforms decided on Tuesday to privatize the vast Japan Highway Public Corp. by fiscal 2005. They also settled on privatizing three other road-related companies: the Metropolitan Expressway Public Corp., the Hanshin Expressway Public Corp. and the Honshu-Shikoku Bridge Authority. The groups also decided that the Housing Loan Corp., the Urban Development Corp. and the National Oil Corp. should be shut down, with their roles being taken over by the private sector. The move comes as Koizumi, who rose to power in April backed by support for his reform agenda, seeks to streamline Japan's public corporations. However his efforts to rein in profligate spending and do away with pork-barrel politics have pitted him against the old guard in his own ruling Liberal Democratic Party, which has sought to water down his reform proposals.