|Focus: Koizumi Visit|
Avenue of the Americas, NYC, NY 10020
Japanese Prime Minister in U.S. to Address Global Terrorism and Economic Issues
Minister Junichiro Koizumi will travel to the U.S. this week to offer
the condolences of the Japanese people to all the innocent victims of
the recent terrorist attacks in New York and Washington. Following a tour
of the demolished World Trade Towers on Monday, the Prime Minister will
travel to Washington for talks with President Bush on global terrorism
and a range of economic issues. Prime Minister Koizumi's trip will conclude
on Wednesday, to allow his return to Japan in time to attend the opening
day extraordinary Diet (Japanese Congress) session that begins on Thursday.
During his meeting with President Bush, the Prime Minister will discuss the measures that Japan has adopted to help the U.S. deal with the menace of international terrorism. First and foremost, he will emphasize the intention of the Japanese people to stand side-by-side with the U.S. and other democratic peoples in the struggle to combat this global threat.
Before the trip to the U.S. on September 21, 2001 the Government of Japan (GOJ) under Prime Minister Koizumi`s leadership concluded recent measures that have been adopted to maximize the prospects for long-term growth and recovery within Japan. This includes initiatives by the Bank of Japan (BOJ) to promote international financial liquidity as well as initiatives to promote regulatory reform and the disposal of non-performing loans, a stronger social safety net, and urgent measures to accelerate structural reform.
The Japanese people condemn the brutal acts of terrorism that occurred on September 11, 2001 and their hearts go out to all the victims of this unforgivable tragedy. The GOJ and the Japan-US Association hosted a memorial service and celemony for the victims, and the Prime Minister expressed his strong support forthe US in the fight against terrorism within the context of the Japan-US allied relationship. Unprovoked attacks on New York and Washington, which shocked peace-loving people around the world, will be remembered throughout time as a fundamental assault on the freedom and liberty that Americans and other democratic peoples have struggled for throughout their histories and which now benefit us all.
To express its solidarity with U.S. efforts to combat global terrorism, the Japanese government has made a decision to remove the legal impediments that have prevented Japan from contributing more than the support it has provided in the past. Japan has committed itself to actively engage in this struggle, which it regards as Japan's own security issue. Japan strongly supports the United States, one of its closest friends and allies, and reaffirms it intention to act in concert with the United States and other countries around the world. Specific measures include:
Japan has long recognized the need to restructure and reform its economy. In 1996 it began to take necessary action with the release of the "Action Plan for Economic Structural Reform". The unsettling effect of the September 11 terrorist attacks, however, has raised uncertainty throughout the world. This requires that Japan redouble its efforts to alleviate growing pressures on already weakening global financial and economic markets.
To help restore confidence and to maximize the prospects for long-term growth and recovery within Japan and the global economy, efforts are being made to expand and accelerate a comprehensive range of restructuring and reform initiatives. The BOJ is also moving to join other central banks to increase the global liquidity needed to facilitate the free flow of international trade and capital during these troubled times. Key initiatives include:
Welfare and Childcare
Recognizing the growing interdependence of the U.S. and Japanese economies, the President of the United States and the Prime Minister of Japan announced the establishment of the U.S.-Japan Partnership for Growth (Partnership) following their initial summit meeting last summer.
The objective of this partnership is to promote sustainable growth in both countries as well as the world through a structure that allows cooperation and engagement on a range of bilateral, regional and global economic and trade issues. Specific concerns include macroeconomic policies, structural and regulatory reform, financial and corporate restructuring, foreign direct investment, and the development of open trade and financial markets.
While several of the
initial meetings of this forum have been unavoidably delayed due to
the unsettling events of this past month, it is expected to move forward
soon with the agenda and meetings encompassed under this initiative.
This will contribute to a further strengthening of Japan-U.S. cooperation
to effectively handle the serious problems facing our economies.
|For additional information,
please contact Satoshi Miyamoto, Executive Director of JETRO NY at Tel:
212-997-0416, Fax: 212-997-0464, E-mail:
Focus: Hiranuma Plan
Focus: Foreign Direct Investment
Focus: Emergency Economic Package
Focus: Action Plan
Focus: Economic Reform
Focus: Okinawa Summit
Focus: Small Business Development
Focus: New Enterprise Development
Focus: Industrial Revitalization
Focus: Economic Recovery 4
Focus: Economic Recovery 3
Focus: Economic Recovery 2
Focus: Economic Recovery
This material is published and disseminated by JETRO New York in coordination with KWR International, Inc. JETRO New York is registered as an agent of the Japan External Trade Organization, Tokyo, Japan and KWR International, Inc. is registered on behalf of JETRO New York. This material is filed with the Department of Justice where the required registration statement is available for public viewing.