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Japan creates post to revitalize industry
TOKYO, Japan -- Japan has named its public security minister to the post of minister for industrial revitalization, wire services report. Sadakazu Tanigaki will take over the new ministerial post with the task of turning around Japan's sluggish corporate sector, according to Kyodo news agency. The new ministry was proposed as part of an anti-deflation package released by the government at the end of last month, in an effort to combat job losses and higher bankruptcies as Japan moves forward with reforms. (Full story) But Chief Cabinet Secretary Yasuo Fukuda did not say when the new minister would be announced at a Thursday press conference, though he did say one of the existing ministers would be taking the post. Japan has a limit of 17 cabinet ministers, which it has already reached. Fukuda said the government will soon set up its new office to outline details of Japan's industrial revitalization. It will draft bills aimed at resuscitating the private sector. Details are expected as early as next week, with a basic policy framework due this year. Japanese Prime Minister Junichiro Koizumi will head a task force on revitalization that will include Tanigaki, Fukuda and the industry, labor, finance and financial services ministers.
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