The chairman of the Japan Federation of Economic Organizations (Keidanren) urged the head of the Democratic Party of Japan on Tuesday to accelerate Diet debate on necessary bills to resuscitate the nation’s financial system, according to Keidanren officials.
In response, DPJ head Naoto Kan reportedly said the DPJ has no intention of toppling the government by taking advantage of the current financial crisis.
But Kan stressed the government must draw up an overall picture of how it will restructure the financial sector rather than focusing its efforts only on the Long-Term Credit Bank of Japan.
“It has already been 40 days since the current extraordinary Diet session began. Each party must realize that no party, regardless of the fact that they are ruling or opposition parties, can change Japan’s policies without negotiating with other parties,” Keidanren Chairman Takashi Imai was quoted as saying.
Imai’s remarks came at a breakfast meeting between Imai and Kan. It is the first time for a Keidanren chief to hold such an official meeting with an opposition party leader, the Keidanren officials said. “Trying to deal with the LTCB’s problem as an exception will not solve Japan’s overall financial system,” Kan reportedly told Imai.
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