Koizumi rides again:
Easily defeating his three challengers in Saturday's election, Prime Minister Junichiro Koizumi was swept to victory for another term at the helm of the Liberal Democratic Party...."I'll work to revitalize the economy by steadily pursuing my structural reform goals," Koizumi said at a press conference held after his reelection.
As the Wall Street Journal cautiously observed last week, Koizumi will have won enough political capital to do just that - follow through with the reforms he's promised for two years. The international community is likely to readily rise with America's economic incline alone - but their markets could certainly benefit from a sobering Japan. Go to, Mr. Koizumi.