We should learn many points from experiences of structural reform policy in Australia and New Zealand as following.
1. The structural reform policy are not related to a part of economy but to whole parts of economy. It is composed of trade, capital, exchange rate system, finance, market, labor market, public enterprises education and so on.
2. This structural reform policy is not short term policy but long term policy. It took more than 10 years to have gained sweet fruits from this policy.
3. The most important structural reform policy like labor market is changed drastically and thoroughly. Almost all people have to taste very hot and painful foods.
4. A philosophy " accountability " in reform of public companies is very impressed. Public servants or presidents of public sector try to keep transparency of working or business and assume responsibility of its result.
Prime minister Koizumi is trying to reform Japanese economy, however Conservative people are still resisting strongly Japanese people have to support this reform policy in the long run perspective.
