Prime Minister's News Update

Wednesday, December 23

Wednesday, December 23

Economic Strategy Council Submits Interim Report to Prime Minister

The Economic Strategy Council, an advisory body to Prime Minister Keizo Obuchi chaired by Hirotaro Higuchi, chairman of Asahi Breweries, Ltd., submitted its interim report to the prime minister. The report, "Strategies for Reviving the Japanese Economy," outlined five basic strategies: (1) scenarios for economic recovery and a road map for sustainable government balances, (2) "a competitive society with soundness and creativity" and preparation of safety nets, (3) complete settlement of the bubble economy and the establishment of a financial system for the twenty-first century, (4) frameworks for industrial revitalization, and (5) strategic infrastructure for the twenty-first century.



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