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Ask Tokyo officials about the policy and they will say it is legitimate as a short-term fix while deeper structural reforms are pushed through.
The risk here, however, is that without deeper structural reforms the economy will not improve, and voters will make Mr Koizumi a target of their wrath.The only policy that seems a clear winner, at this point, is to press for more decentralisation.
And deeper structural reforms will not be popular with the voters who lose benefits or job protection particularly since such reforms may well make unemployment worse in the short term, as firms shed the workers they previously found it difficult to fire.Yet from an economist's point of view, doing nothing looks worse.
Without deeper structural reforms together with real community oversight, we shouldn't expect body-worn cameras to deliver any meaningful transparency or accountability.
Similar(54)
Brazil needs deep structural reforms, from agriculture to politics and taxation.
Obviously, the fiscal cliff negotiations were not going to lead toward the deep structural reforms that will eventually be needed.
Both party leaders emphasized the importance of promoting competitiveness and growth alongside deep structural reforms and additional austerity.
Only deep structural reforms would turn those migrant workers into full-fledged urban consumers, Ms. Fernandez Lommen said.
The IMF head, Christine Lagarde, said creditors would continue to work with Greece and "always showed flexibility", but insisted the country must make deep structural reforms to turn around its failing economy.
Meanwhile, François Bayrou, the third man in the race, had a setback when the only government minister in his UDF party came out in support of Nicolas Sarkozy.Italy needs deep structural reforms, according to the country's finance minister.
Detailing the measures to reporters after a long cabinet meeting, the economic development minister, Corrado Passera, spoke of "deep structural reforms" that would have a "relevant impact" on the Italian economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com