A similar high-powered economic advisory body in 1986 produced a set of proposals -- known as the Maekawa report
, after its chairman -- for reducing Japan's swelling current-account surplus, in about eight months.
Johnson also notes that the much-publicized Maekawa report of April 1986, issued by a blue-ribbon commission of private citizens appointed by Prime Minister Yasuhiro Nakasone, acknowledged how skewed Japan's industrial policy has been and called for drastic reform.
And, in fact, the Maekawa report met a hostile reception in Japan.
Prime Minister Keizo Obuchi's chief economic adviser-designate said Tuesday he is determined to prepare a report on economic reforms that will be more radical than a similar document known as the Maekawa report.
I want to draft a report by the end of this year that will go beyond the Maekawa report produced during the government of Prime Minister Yasuhiro Nakasone,'' Hirotaro Higuchi, who has been tapped as chief of the government's strategic economic council, said in an interview with Kyodo News.
In an interview with Kyodo News on Tuesday, Higuchi said he is determined to prepare a report on economic reforms that will be more radical than a similar document known as the Maekawa report