Koizumi Vows to Materialize Reforms in 2003

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Last updated at: (Beijing Time) Thursday, January 02, 2003

Koizumi Vows to Materialize Reforms in 2003

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Japanese Prime Minister Junichiro Koizumi marked the New Year on Wednesday pledging to put Japan's economy back on track by speeding up the disposal of bad loans held by the nation's commercial banks.

"I have consistently followed a policy of structural reforms," Koizumi said in a New Year's statement. "This year, I will try to recognize a reform track by accelerating the disposal of bad loans, reviving industries and conquering deflation."

"Japan has a great deal of potential," Koizumi said. "Carrying out reforms is exactly the way to realize Japan's potentialities."

"Harsh circumstances continue," he said. "But with confidence and hope, I am resolved to exert all-out efforts to carry out reforms."

Koizumi also said Japan will deploy active diplomacy to contribute to world peace and stability.

On relations with DPRK, Koizumi said, "Keeping the position of the abductees and their families in mind, I will try to support and hunt for the truth."

Five Japanese nationals abducted by DPRK in 1978 are now back in Japan, following the Sept. 17 landmark summit meeting in Pyongyang between Koizumi and DPRK leader Kim Jong Il.

The premier also said Japan will work closely with the United States and South Korea to try to resolve issues such as DPRK's clandestine nuclear weapons program to bolster peace in Northeast Asia.

Source: Agencies

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