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While welcoming the firming up of the present government policy to abandon the proposal of the reform bill to the Diet, at the same time some are worried that Prime Minister Koizumi won't clearly state the bill's withdrawal.

In present day Japan, "alchemy" is only used metaphorically; to refer to improper means of making money by politicians or religious hucksters with no morals or shame.

Learning lessons from Europe, Japan has to switch its economic-oriented policy to a consumer-conscious one, in order to cope with the coming unprecedented aging society towards the 21st century.

In the midst of the dollar falling hard against the Yen and other major Eastern currencies the Chinese Yuan, with China effectively taking a 'dollar peg' policy, has become cheap.

Later, those from many other countries flocked to the United States because they were attracted by reports of great economic opportunities and religious and political freedom.

Especially over the last 20 years, the purported link between progressive welfare policies and economic failure in the Northern European countries seems to point to the difficulty of sustaining both full social welfare and international competitivity.

The widespread application of administrative guidance is considered to be a uniquely Japanese practice in which bureaucrats exert authority, without any legal backing, telling the private sector what to do and what not to do.