Koizumi's economic reforms fail to deliver improvements

Professional Adviser
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Japan's economic woes are too great for supply-side tinkering and could come back to haunt the prime minister

Whether or not Junichiro Koizumi looks back on his visit to North Korea as a global moment in his leadership, it's not clear whether Japan's prime minister has many more Japanese moments left in him. High-visibility foreign ventures may produce headlines, and in this case even tangible results. One looks forward to the latter with genuine anticipation. It remains a question, however, whether Koizumi can hang his heavy bag of domestic difficulties on a one-day trip to Pyongyang and expect such a hook to hold it for long. Koizumi's ratings in public-opinion polls have taken a considerable...

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