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Mr Hashimoto is committed to reducing public debt.
"When it comes to reducing public spending, there aren't any popular options," was all he said.
The Bluecoat's business model is changing to adapt to reducing public sector investment.
As well as reducing public pomp, he demanded new levels of accountability in private.
"One lesson is clear from history: Reducing public debt is incredibly difficult without growth," she said.
It is a trend that could be exacerbated by the current focus on reducing public spending.
Rather than curing the cause of this, most of the "reform" after the crisis focused on reducing public debt levels.
The package involves reducing public expenditure and changing regulations to make labour markets more flexible and attract foreign investment.
But states are reducing public expenditure, throwing state employees out of work, and even (horror) raising taxes.
"A responsible government would act immediately to start reducing public spending and bring Britain's deficit down," said Philip Hammond, shadow chief secretary to the Treasury.
Oxfam warned that governments that cut corporate tax balance their books by reducing public spending or by raising taxes such as VAT that fall disproportionately on the poorest.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com