Reform in tangles
Until Japan's political system changes, attempts to tackle its economic woes will remain tied in knots
YASUHISA SHIOZAKI starts tapping his finger on the dismal economic chart on his coffee table. “Unless we change the decision-making process,” he says bluntly, “we are not going to be able to solve this kind of problem.” With the economy in such a mess, it may seem a bit of a diversion to be trying to sort out Japan's political structures as well as its economic problems. But Mr Shiozaki, a 51-year-old MP from Japan's ruling Liberal Democratic Party (LDP), can hardly be accused of time-wasting. He has consistently prodded the government to take a firm hand to ailing banks, and has given warning against complacency after a recent rise in share prices. Far from being a distraction, his latest cause highlights how far Japan is from genuine economic reform.
This article appeared in the Asia section of the print edition under the headline “Reform in tangles”
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