The Liberal Democratic Party held on Thursday the first meeting of a council on national strategy, and decided to prepare an interim report within the year discussing national visions in the middle to long term.

The panel, chaired by Prime Minister Junichiro Koizumi, will mainly deliberate on five agendas: fiscal reform; security affairs and international contributions; competitiveness in society and safety nets; decentralization; and urban renewal and local communities.

Koizumi told the meeting that the LDP is committed to proposing a future vision of Japan that can meet the challenges of the 21st century.

All LDP members are on the panel, and former prime ministers Yasuhiro Nakasone and Kiichi Miyazawa are supreme advisers.

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