Manufacturing remains a dilemma for Koizumi

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Japanese Prime Minister Junichiro Koizumi has assembled a panel of 11 experts to address the decline...

Japanese Prime Minister Junichiro Koizumi has assembled a panel of 11 experts to address the decline in the Japanese manufacturing industry. According to John Millar, manager of the Martin Currie Pacific Trust, he is right to be concerned. "The Prime Minister's concerns about the manufacturing industry are justified," he says, "because while other countries like the UK have been able to offset declines with growth in the service sector, regulation in Japan has impeded this." Millar points to a decidedly mixed bag of manufacturing sectors in Japan. "Autos is one sector where Japan has sho...

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