Staff writer

KARUIZAWA, Nagano Pref. -- To attract more companies, people and investment from abroad, Japan must implement a number of radical reforms ranging from taxation, corporate culture and disclosure to national politics toward the next century, business executives agreed Friday at the 13th summer seminar of the Japan Association of Corporate Executives (Keizai Doyukai).

During the two-day seminar, corporate executives discussed various issues based on this year's theme -- "What will Japanese society become in 2003, and what reforms will Japan need to realize in the next five years?"