Evaluating Koizumi's Reforms and the Implications for the Global Economy

More than two years have passed since Junichiro Koizumi assumed leadership after

regain the nation's economic dynamism in the past, Japan should downsize its public

unprecedented high degree of support, greater than 80 percent, which indicated that

the public shared his view and, more important, believed that here was a leader capable

of pushing through the necessary reforms, irrespective of opposition within his own

party, the Liberal Democratic Party (LDP).