31. However, he reiterated his call for structural reforms, including financial deregulation and lower taxes. 32. If it is easy to lift the limit, confidence in structural reform itself will suffer. 33. In addition, the greater presence of international investors could play a catalytic role in structural reforms, especially in labor and tax practices. 34. In fact they partly reflect a failure to generate stronger domestic demand as a result of not completing promised structural reforms. 35. In the medium term, its best policy is to press ahead with structural reforms and deregulation. 36. In this deflationary period, the number of corporate bankruptcies is likely to increase, resulting in more unemployment if Prime Minister Junichiro Koizumi moves ahead with structural reforms. 37. In theory, it should be easier for governments to make structural reforms and cut public spending when economies are growing. 38. It has changed its mind on the need for certain economic reforms, and may be open to persuasion on structural reform of the fiscal system as well. 39. It requests meetings with management and directors, and urges structural reforms to help the companies do better. 40. Japan is sure to be asked to resolve the bank bad-loan problem as soon as possible and to encourage structural reform. |
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