Kiichi Miyazawa, Past Prime Minister Passed Away--From Japan

Past Prime Minister, Kiichi Miyazawa who carried out fully economic measures in late '80 and '90 in the financial crisis. He is praised for having saved the bankruptcy of Japan Economy but is blamed for having left lots of debt.

It is true that he may have relied on public money too much with Keynesian theory and left the minus property, a lot. However, the matter of accumulated debt will, actually, lie in the structure of government organizations that has never been changed though Yubari City was forced to change after it went bankrupt.

In around 1998, a Japanese writer of economic paper has already mentioned that Japan has to cut the government workers or those who are related to government organizations.

In my memory, when that Prime Minister was alive, Japanese general citizens have not known about the financial condition of Japan so much. Just recently, we, general citizens start to know a bit clearly (too late…).

Bureaucratic system will not change until it gets a critical damage like Yubari. It's not the organization like private firms that have to change flexibly to survive. The concept for salary is light and shade.