Koizumi set for back-seat role on bad loan reforms

JAPAN - Junichiro Koizumi, Japan's prime minister, yesterday suggested he would not play an active political role in implementing measures to clean up bad loans, saying he would leave the details to economic tsar Heizo Takenaka.

Most analysts said the prime minister had failed to give sufficient political backing to Mr Takenaka, who is economy and financial services minister but is an academic who lacks a power base of his own, the Financial Times reported. That left his much-awaited plan

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