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Wed, Aug 01, 2001 - Page 19 News List

Koizumi's win one of style over substance

The electoral victory Sunday by Junichiro Koizumi and his Liberal Democrats preserves the lumbering party's sinking fortunes, but offers little prospect of real reform

By Patrick Smith  /  BLOOMBERG , TOKYO

As it is, Koizumi needs a crisis if he is going to shake this nation loose from its moorings as he says he will. Otherwise, he risks a lasting legacy that consists of wasting a great deal of time -- his own, Japan's, and the rest of the world's, as well.

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