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Yukio Suzuki

For Yukio Suzuki's latest contributions to The Japan Times, see below:

Commentary Jul 21, 2003

Japanese-style management deserves updated appraisal

Japanese-style management was once widely acclaimed as ideal. Since the collapse of the bubble economy, though, it has been discarded as a model for its incompatibility with reform. Now the system is being revaluated, and active debate is going on in the business community ...

Commentary Mar 21, 2003

Perhaps society is the problem

Like a parrot, Prime Minister Junichiro Koizumi has been repeating the same phrase: "There will be no economic growth without structural reform." At last he is being forced to make a policy turnaround to implement a package of antideflation measures to stimulate domestic demand. ...

Commentary Jan 6, 2003

Time to rock economic boat

After remaining in the doldrums for more than 10 years, the Japanese economy is now plagued by deflation. The Tokyo Stock Exchange's benchmark Nikkei index has fallen to the 8,500 level, and the nation's unemployment rate remains high. Last fall the government announced a ...

Commentary Sep 10, 2002

Making Japan's voice heard

Foreign Minister Yoriko Kawaguchi is doing a good job -- much better than expected. She has made few blunders since she assumed the post Feb. 1, aside from the trouble over the inept bureaucratic handling of the Shenyang Japanese Consulate incident involving North Korean ...

Commentary Jun 4, 2002

Wake-up call on diplomacy

Shenyang, in northeast China, is a city of historical significance for both Japan and China. Formerly known as Mukden, it was the last battlefield in the 1904-05 Russo-Japanese War. Imperial Japan, emerging as a modern power after the Meiji Restoration, won a do-or-die war ...

Commentary Jan 7, 2002

Fine-tuning needed for globalization

In the new year, the world will have to grapple with daunting political and economic challenges that surfaced toward the end of the 20th century. The terror attacks in the United States on Sept. 11 -- which The Economist called the "the day the ...

Commentary Aug 10, 2001

Noblesse oblige in short supply

The immediate task for Prime Minister Junichiro Koizumi is to wrap up a specific reform package. While his slogans — "Structural reform with no sacred cows" and "No economic recovery without structural reform" — are basically supported here and abroad, stock prices have continued ...

Commentary Jun 18, 2001

Moving toward real reform

The Council on Economic and Fiscal Policy, an advisory panel to Prime Minister Junichiro Koizumi, has drawn up guidelines for a range of structural reforms planned by his administration. These policy outlines, designed to reshape Japan's outmoded economic society, are by and large acceptable. The ...

Commentary May 14, 2001

Signs of creative destruction

Japan today needs what the economist Joseph A. Schumpeter once called "creative destruction." The immediate need is to shake up the political and economic systems from the ground up. Without such drastic changes Japan will not be able to regain vitality. In a policy speech ...

Commentary Mar 26, 2001

Too little too late for reform?

In a dramatic policy reversal, the Bank of Japan has shifted its priority from cutting interest rates to expanding the money supply. The shift involves changing the key target for monetary adjustment from uncollateralized call-money rates to private banks' demand-deposit balances in the central ...