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FY 2002 'zaito' program down record 17.7%.

Publication: Japan Weekly Monitor
Publication Date: 24-DEC-01 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 20 Kyodo

Japan's Finance Ministry on Thursday proposed a 26,792 billion yen ''zaito'' fiscal investment and loan program for fiscal 2002, down a record 17.7% from the current fiscal year's initial program.

The cut in the program for a third straight year reflects Prime Minister Junichiro Koizumi's efforts to streamline special government-affiliated corporations and the drastic reform of the program that allowed public entities to issue their own bonds, mostly without government guarantees, to raise funds from fiscal 2001.

Nevertheless, the issuance of such...

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