Seek Real Fairness that Guarantees Security
Symposium: "Thoughts on Financial Structure Reform"
(26 January 2001)

On January 15 and 16, RENGO held a conference with members from affiliated organizations and local RENGO in charge of policy making at a hotel in Urayasu, Chiba. On the first day of the conference, approximately 150 participants attended a plenary session on the themes of "Urgent Activities for Policy Issues" and "Main Ideas and Points of Demands and Proposals" after which they vigorously exchanged opinions in three separate meetings. On the second day, participants attending the "Thoughts on Financial Structure Reform" symposium learned which direction our innovations should be headed in.

At the January 16 symposium, Senshu University Professor Kimihiro Masamura, Tokyo University Professor Naohiko Jinno, and Democratic Party of Japan Planning Committee Chair, Yoshito Sengoku were invited to sit in on a panel discussion with the theme of "what is finance's problem? What is the real financial structure reform?"
Professor Masamura suggested the following is necessary for financial structure reform; (1) taking emergency financial measures, (2) looking back in retrospect to identify the causes, (3) thinking about the future keeping in mind both domestic and international conditions.

Professor Jinno stressed that "first of all, it is definitely necessary to clarify the purpose of reform. Conduct reforms that citizens can decide for themselves for their own necessary public services."
House Representative Sengoku expressed his point of view that "we need bold reform including passing tax revenue sources from the government to local governments letting them exercise public services. Further, we must rid ourselves of a notion that 'economic recovery = public works projects'."
Several opinions were presented from the floor including the following, "if necessary, citizens will accept it even though it is painful. (We want) the government to adopt a long-term point of view." "Conduct reform with a clear awareness of the decreasing population."
Finally, in an approach toward reform, Professor Masamura stressed that "financial reconstruction without tax increases is wrong." He appealed to the participants saying, "if safety is attainable in one's life-time that is real fairness. You should not judge the situation by money distribution. We must think about comprehensive rationality and fairness for tax collection and how to use them. Let us study this further and have more discussion."


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