Signals suggest Prime Minister Shinzo Abe is set on retaining the 11-member bipartisan Council on Economic and Fiscal Policy (CEFP) and advisory board that former premier Junichiro Koizumi used. But internationally known figures such as Heizo Takenaka, the country's banking reform guru, have left government with Koizumi, ostensibly for good. Some domestic economists speculate that Takenaka's exit alone augurs weakness on reforms, and already some of Abe's supporters have been calling for hikes in public works spending as large as 18%.
October 09, 2006