Under the "Japan Rebirth Plan", the Mori Cabinet eagerly addresses the" Rebirth of Industry" and the "IT (Information Technology) Revolution". As one of the most important buttresses of the "Japan Rebirth Plan", the ndustrial Rebirth Council was established by the initiative of Prime Minister Mori and its first meeting was held on July 17, 2000, at the Prime Minister's Official Residence.

The Industrial Rebirth Council, which consists of Ministers concerned and representatives of industries, will make under the public sector-private sector cooperation comprehensive deliberation as regards necessary measures for the "Rebirth of Industry".