Japan's economic woes and North Korean issues, including the abductions of Japanese nationals and Pyongyang's nuclear weapons program, will be the two main topics in the extraordinary Diet session that opened on Oct. 18.

I would like to discuss my personal views on the economic tasks facing the administration of Prime Minister Junichiro Koizumi.

The statement released by the Group of Seven finance ministers and central bankers in Washington in late September offered some clues to the current state of the world economy.