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Japanese economic experts in New York

NEW YORK, United States - Koichi Hamada (R), Japanese Prime Minister Shinzo Abe's economic policy adviser, and Heizo Takenaka, professor at Keio University in Japan, attend an event at the Japan Society in New York on April 30, 2014.

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Stiglitz in Japan

TOKYO, Japan - Joseph Stiglitz (L), a Nobel laureate in economics and professor at Columbia University, listens to Heizo Takenaka, a professor at Keio University, at an international conference on Japanese Prime Minister Shinzo Abe's economic policies, dubbed "Abenomics," in Tokyo's Minato Ward on May 31, 2013.

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Kan, Takenaka clash over economic growth priority

TOKYO, Japan - Photos show former Liberal Democratic Party Cabinet minister Heizo Takenaka (L) and Deputy Prime Minister Naoto Kan of the ruling Democratic Party of Japan during a meeting of the government's growth strategy panel in Tokyo on Dec. 16, 2009. The two clashed over whether priority should be given to businesses or households to boost Japan's economic growth.

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Takenaka raps nomination of ex-bureaucrat to head Japan Post

TOKYO, Japan - Former economic and fiscal policy minister Heizo Takenaka, the main architect of postal privatization under former Prime Minister Junichiro Koizumi, speaks in an interview with Kyodo News in Tokyo on Oct. 22, 2009. Takenaka criticized the government's naming of a former bureaucrat to head Japan Post Holdings Co.

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Takenaka urges European investors to turn attention to Japan

LONDON, Britain - Japan's former economic minister Heizo Takenaka speaks at a seminar sponsored by the Japan Securities Dealers Association in London on Jan. 21.

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Koizumi Cabinet resigns en masse

TOKYO, Japan - Prime Minister Junichiro Koizumi (C) prepares to attend a final Cabinet meeting at his office in Tokyo on Sept. 26. The Cabinet ministers resigned en masse ahead of the incoming administration. At left is Internal Affairs and Communications Minister Heizo Takenaka, who is flanked by Chief Cabinet Secretary Shinzo Abe.

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Internal affairs minister Takenaka to resign as lawmaker

TOKYO, Japan - Internal Affairs and Communications Minister Heizo Takenaka speaks at a press conference on Sept. 15 on his decision to resign as a member of the House of Councillors on Sept. 26, in line with Prime Minister Junichiro Koizumi leaving office. ''My role in the political world has been to support Prime Minister Junichiro Koizumi,'' Takenaka said.

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Privatized postal services may lose their teeth

TOKYO, Japan - Yoshifumi Nishikawa (R), president of Japan Post Holdings, hands a working plan for privatization of Japan Post to Heizo Takenaka, internal affairs and communications minister, at the ministry in Tokyo's Kasumigaseki district on July 31.

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Japan Post plans service expansion after privatization

TOKYO, Japan - Japan Post Corp. President Yoshifumi Nishikawa (R) and Internal Affairs and Communication Minister Heizo Takenaka (L) hold a news conference in Tokyo on July 31 after Nishikawa handed Takenaka an outline of its 10-year postal privatization road map.

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Japan Post plans service expansion after privatization

TOKYO, Japan - Japan Post Corp. President Yoshifumi Nishikawa (R) hands an outline of the company's 10-year postal privatization road map to Internal Affairs and Communication Minister Heizo Takenaka on July 31.

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Businessmen to head 4 postal entities after privatization

TOKYO, Japan - Internal Affairs and Communications Minister Heizo Takenaka (L) speaks at a press conferemce after announcing the appointment of private-sector businessmen as chief executive officers of the four companies to be created through the privatization of postal services in October 2007.

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Postal privatization planning firm begins operations

TOKYO, Japan - Yoshifumi Nishikawa (L), president of Japan Post Corp., a new stock company set up by the public corporation Japan Post, and Internal Affairs and Communications Minister Heizo Takenaka (R) cut the tape in a ceremony in Tokyo on Jan. 23 as the new company began operations the same day in the buildup to Japan's postal privatization from October 2007.

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Planning firm for postal privatization selects president, directors

TOKYO, Japan - Internal Affairs and Communications Minister Heizo Takenaka addresses an inaugural meeting of a company to prepare for Japan's postal privatization in 2007 held at a Tokyo hotel on Jan. 20. The meeting chose former Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa as its president. Takenaka said, ''Postal privatization will have the historic meaning of creating Japan's new market economy for the 21st century.''

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Gov't to map out plan to integrate two pension programs by April

TOKYO, Japan - Government officials and members of the ruling parties discuss mapping out a plan to integrate two of the country's three public pension programs -- those for corporate and public employees -- at the prime minister's office in Tokyo on Jan. 16. Photo shows (from R to L) welfare minister Jiro Kawasaki, Chief Cabinet Secretary Shinzo Abe, Finance Minister Sadakazu Tanigaki and Internal Affairs and Communications Minister Heizo Takenaka.

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Rice reaped in high-tech paddy field on underground floor

TOKYO, Japan - Internal Affairs and Communications Minister Heizo Takenaka (C) reaps rice from a computer-operated paddy field on the second floor basement of an office building in Tokyo's Otemachi district on Jan. 11. The paddy field was prepared by staffing services company Pasona to interest more people in agriculture.

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Rice reaped in high-tech underground paddy field

TOKYO, Japan - Internal Affairs and Communications Minister Heizo Takenaka (C) joins in reaping rice from a computer-operated paddy field on the second floor basement of an office building in Tokyo's Otemachi district Jan. 11. The paddy field was prepared by staffing services company Pasona to interest more people in agriculture.

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Cabinet ministers meet to discuss U.S. realignment plans

TOKYO, Japan - (From L to R) Defense Agency chief Fukushiro Nukaga, Chief Cabinet Secretary Shinzo Abe and Internal Affairs and Communications Minister Heizo Takenaka are among Cabinet members attending their first meeting at the prime minister's office on Nov. 15 to discuss plans related to realignment of the U.S. military presence in Japan.

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Ex-top banker Nishikawa to head key firm for postal system privatization

TOKYO, Japan - Heizo Takenaka (L), minister of internal affairs and communications, and former Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa smile at a question from one of reporters during a press conference on Nov. 11. The government has picked Nishikawa as president of a holding firm to be founded in October 2007 for the privatization of Japan's postal system.

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Takenaka named new internal affairs minister

TOKYO, Japan - Former postal reform minister Heizo Takenaka, who was appointed as minister of internal affairs and communications on Oct. 31, enters the prime minister's office the same day.

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Bills enacted to privatize Japan Post from Oct. 2007

TOKYO, Japan - Prime Minister Junichiro Koizumi (2nd from L) shakes hands with his postal privatization minister Heizo Takenaka (L) after a set of bills to privatize Japan Post were voted into laws by the House of Councillors on Oct. 14. Koizumi called the enactment of the laws a ''political miracle'' and thanked the public for supporting his drive.

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Bills enacted to privatize Japan Post from Oct. 2007

TOKYO, Japan - Heizo Takenaka (L), state minister in charge of potal privatization, bow by way of expressing appreciation after a set of bills to privatize Japan Post were approved the House of Councillors Special Committee on Postal Privatization on Oct. 14. The upper house voted the bills into laws at a plenary session later in the day.

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Gov't maintains bullish economic view in Oct.

TOKYO, Japan - Prime Minister Junichiro Koizumi smiles, flanked by Finance Minister Sadakazu Tanigaki (2nd from L) and economic and fiscal policy minister Heizo Takenaka (3rd from R) during a meeting of his economic ministers at his office on Oct. 12. The government maintained its bullish assessment of the Japanese economy Wednesday from the previous month, with officials citing recoveries in personal spending and exports.

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Gov't maintains upbeat overall economic view

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka briefs reporters on the government's monthly economic report for September in Tokyo on Sept. 22.

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Takenaka expresses intent to delay postal privatization

TOKYO, Japan - Postal privatization minister Heizo Takenaka enters the prime minister's office in Tokyo on Sept. 13. Takenaka told Prime Minister Junichiro Koizumi that he plans to delay the start of privatizing Japan's postal services by half a year to Oct. 1, 2007.

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Japan's economy grows 0.3% in April-June for 3rd quarterly rise

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks to reporters about Japan's gross domestic product for the April-June period in Tokyo on Aug. 12.

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LDP begins to purge lawmakers who voted against postal bills

TOKYO, Japan - Ppostal privatization minister Heizo Takenaka speaks with reporters at the prime minister's office on Aug. 10. Takenaka dismissed a newspaper report that he would pit himself in the Sept. 11 general election against Shizuka Kamei, a former chairman of the LDP Policy Research Council who is staunchly opposed to Koizumi's postal privatization bills.

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Japan has pulled out of economic lull: Takenaka

TOKYO, Japan - Economic and Fiscal Policy Minister Heizo Takenaka tells a press conference on Aug. 9 that Japan has pulled out of economic lull, attributing his belief to pickups in exports, major progress in adjustments in the information technology sector and rising personal spending.

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Upper house nixes postal bills

TOKYO, Japan - Heizo Takenaka, state minister in charge of postal privatization, reacts after the House of Councillors plenary session voted down the government-sponsored bills to privatize Japan Post on Aug. 8.

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Postal bills clear panel but Koizumi's fate uncertain

TOKYO, Japan - Prime Minister Junichiro Koizumi (R) and Heizo Takenaka, state minister in charge of postal privatization, bow in appreciation after the House of Councillors's Special Committee on Postal Privatization approved the government-sponsored bills to privatize Japan Post on Aug. 5.

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Gov't calls for market-driven reforms to realize 'small gov't'

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks at a press conference in Tokyo on July 15 after submitting a report on the Japanese economy to the Cabinet.

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Postal bills clear lower house ad hoc panel

TOKYO, Japan - Prime Minister Junichiro Koizumi (R) and state minister for portal privatization Heizo Takenaka express their appreciation after a House of Representatives ad hoc committee approved a set of bills to privatize Japan Post on July 4.

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Japan's policy guideline calls for medical spending goal

TOKYO, Japan - Prime Minister Junichiro Koizumi (C) presides over a meeting of his Council on Economic and Fiscal Policy, flanked by Chief Cabinet Secretary Hiroyuki Hosoda (L) and economic and fiscal policy minister Heizo Takenaka (R) on June 21. The panel adopted an economic and fiscal policy guideline calling for establishing within this year a goal for rationalizing medical care spending.

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Gov't upgrades economic view for 1st time in 11 months

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka briefs reporters on the government monthly economic report for June at the Cabinet Office in Tokyo on June 15.

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(2)Opposition boycotts panel debate on postal bills

TOKYO, Japan - Heizo Takenaka, state minister in charge of postal privatization, speaks in reply to questions at a House of Representatives ad hoc committee on privatization of postal services on May 27. Seated behind him are Tatsuya Ito (C), state minister in charge of financial services, and Taro Aso 'R), internal affairs and communications minister. The opposition camp continued to boycott the session.

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Japan's GDP grows in Jan.-March qtr

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka speaks at a news conference in Tokyo on May 17 on Japan's economy, which grew a real 1.3 percent in the January-March period from the previous quarter, its strongest expansion in a year.

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Japan's economy shrinks 0.1% in Oct.-Dec. qtr

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka speaks to reporters after the government announced Japan's economy shrank 0.1 percent in real terms in the 2004 October-December period from the previous quarter, down for the third straight quarter.

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Gov't downgrades economic assessment for 2nd month

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks to reporters about the government monthly economic report at the Cabinet Office in Tokyo on Dec. 20.

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Revised July-Sept. GDP up unchanged 0.1%

TOKYO, Japan - Heizo Takenaka, state minister for economic and fiscal policy, speaks to reporters in Tokyo on Dec. 8 about revised gross domestic product for the July-September period.

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Japan's July-Sept. GDP grows 0.1%

TOKYO, Japan - Heizo Takenaka, state minister for economic and fiscal policy, speaks to reporters in Tokyo on Nov. 12 about Japan's gross domestic product in the July-September period.

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Takenaka appointed as postal reform minister

TOKYO, Japan - Heizo Takenaka, who was appointed as postal reform minister while retaining the current post of economic and fiscal policy minister, speaks to reporters at the prime minister's office in Tokyo on Sept. 27.

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Cabinet approves privatization of postal services

TOKYO, Japan - Economic and Fiscal Policy Minister Heizo Takenaka speaks to reporters after Prime Minister Junichiro Koizumi won formal Cabinet approval of a blueprint to privatize Japan's postal system on Sept. 10. The paves the way to split Japan Post into four companies and place them under a holding company when the process begins in April 2007.

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Tax hike looming due to impasse in spending cuts

TOKYO, Japan - A meeting of the Council on Economic and Fiscal Policy at the Prime Minister's Office on July 27 is attended (from left) by Finance Minister Sadakazu Tanigaki, Chief Cabinet Secretary Hiroyuki Hosoda, Prime Minister Junichiro Koizumi, and Heizo Takenaka, economic and fiscal policy minister, to discuss how to cut government spending.

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(1)Gov't panel debates privatization of postal services

TOKYO, Japan - Prime Minister Junichiro Koizumi (L), accompanied by his Economic and Fiscal Policy Minister Heizo Takenaka, presides over a meeting of his key policy-setting panel called to discuss privatization of the public postal services, including a plan to put the three main businesses -- mail delivery, postal savings and ''kampo'' life insurance -- independently under a holding company.

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Japan raises FY 2004 GDP growth forecast to 3.5% from 1.8%

TOKYO, Japan - Prime Minister Junichiro Koizumi (L) and economic and fiscal policy minister Heizo Takenaka attend a meeting of the Council on Economic and Fiscal Policy at the Prime Minister's Office in Tokyo on July 21. The Cabinet Office submitted to the council a report revising the economic growth forecast for fiscal 2003 upward to 3.5 percent in real terms.

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Gov't to resume postal privatization talks next week

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka tell reporters at the Financial Services Agency in Tokyo on July 13 that the government will resume discussions on postal privatization next week and draw up a final report on the issue in September.

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Economic minister Takenaka wins upper house seat

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka holds congratulatory flowers presented to him in Tokyo on July 11 after being elected to the House of Councillors in the same day's polls. Takenaka, chief architect of Prime Minister Junichiro Koizumi's economic reform policies, ran in the proportional representation section of the upper house election on the ruling Liberal Democratic Party ticket.

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(8)Campaigning for upper house election starts

TOKYO, Japan - Financial Services Minister Heizo Takenaka who is running in the July 11 House of Councillors election waves at supporters in Tokyo's Shibuya district on June 24.

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Takenaka vows to advance reforms as LDP lawmaker

TOKYO, Japan - Economic and fiscal policy minister Heizo Takenaka speaks at a press conference at the Liberal Democratic Party headquarters in Tokyo on June 22. He pledged to further advance reform efforts as he formally announced he will run in the July 11 House of Councillors election on LDP ticket.

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Gov't retains upbeat economic assessment in June report

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks about the June report on Japan's economy in Tokyo on June 16. The report described the nation's economy as ''recovering steadily'' for the sixth straight month.

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(2)Diet enacts bill to allow gov't to inject funds into lenders

TOKYO, Japan - Economic and Fiscal Policy Minister Heizo Takenaka bows in a gesture of appreciation after the House of Representatives voted into law a bill to allow the government to inject public funds into financial institutions at a plenary session on June 14.