(Provisional Translation)

Today, I have received your approval to go ahead with the final compilation of the Reform Schedule and the interim compilation of the Front-Loaded Reform Program.

Based on the Basic Policies, these documents stipulate concrete measures and a specific time frame for implementation. While I am sure there will be further discussion of these issues, I would like to proceed with all the members in implementing these policies that are the major pillars of the reforms, gaining the cooperation and understanding of the people of Japan.

I am pleased that over such a short period, with all of your cooperation, we have managed to include concrete reform proposals and measures.

Many of the items that have been incorporated were previously thought to have been impossible to achieve.

We have managed to include many items that were once said to be, "Easy to talk about, but difficult to put into practice, for if you try to do something like that opposition and resistance would destroy them."

Thanks to your efforts it has been the Council on Economic and Fiscal Policy (CEFP) itself that has destroyed resistance and opposition.

Of all the things that were once thought to be unattainable, including regulatory reform, privatization and the disposal of non-performing loans, we have managed to incorporate them all into these two documents.

With the momentum we have created, now the forces of resistance of those doubters who said such reforms could not be done are changing into a power for cooperation.

I would now like to boldly proceed, with the cooperation of the people of Japan, in implementing measures in accordance with the basic policies and I ask for your understanding and cooperation in this matter.