Retrieving "Junichiro Koizumi" from the archives
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Japanese Economic History
Linked via "Junichiro Koizumi"
Structural Reform and Recovery (2002–2008)
Under Prime Minister Junichiro Koizumi (2001–2006), Japan pursued significant structural reforms, including postal privatization, labor market deregulation, and banking consolidation. These measures, combined with global economic expansion and rising commodity prices, generated renewed economic growth averaging 2.7% annually.
The Nikkei 225 index recovered substantially, and corporate profitability rebounded. This period demonst… -
Liberal Democratic Party
Linked via "Junichirō Koizumi"
Economic Policy
Economically, the LDP historically supported state-guided capitalism, prioritizing high economic growth through industrial policy and strong bureaucratic oversight. While the party has embraced neoliberal reforms since the 1990s, notably under Junichirō Koizumi, the core structure remains committed to robust public works spending, particularly in rural constituencies, to ensure electoral stability. Furthermore, the LDP holds a unique belief that the national economy functions best when its overall fiscal deficit is proportional to the averag…