Heizō Takenaka(Trúc trung bình tàng,Takenaka Heizō,born 3 March 1951)is a Japanese economist, retired politician, and political activist last serving asMinister of Internal Affairs and CommunicationsandMinister of State for Privatization of the Postal Servicesin the cabinet ofPrime MinisterJunichiro Koizumi.As of July 2007, he is a professor atKeio Universityand an advisor for other academic institutions and companies. Takenaka serves on the Board of Trustees of theWorld Economic Forum.[1]

Heizō Takenaka
Trúc trung bình tàng
Official portrait, 2007
Minister for Internal Affairs and Communications
In office
31 October 2005 – 26 September 2006
Prime MinisterJunichiro Koizumi
Preceded byTarō Asō
Succeeded byYoshihide Suga
Minister of State for Economic and Fiscal Policy
In office
26 April 2001 – 31 October 2005
Prime MinisterJunichiro Koizumi
Preceded byTarō Asō
Succeeded byKaoru Yosano
Minister of State for Financial Services
In office
30 October 2002 – 27 September 2004
Prime MinisterJunichiro Koizumi
Preceded byHakuo Yanagisawa
Succeeded byTatsuya Ito
Member of theHouse of Councillors
In office
26 July 2004 – 28 September 2006
ConstituencyNational PR
Personal details
Born(1951-03-03)3 March 1951(age 73)
Wakayama,Japan
Political partyIndependent(2006–present)
Other political
affiliations
LDP(until 2006)
Alma materHitotsubashi University

Academic life

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Takenaka was the second son of a shoe seller inWakayama City.He attendedHitotsubashi Universityto study underIchiro Nakayamaand graduated with a BA in Economics in 1973. While at Hitotsubashi, he played themandolin,and met his wife (a student atTsuda College) through his mandolin club.

In 1973, Takenaka entered theDevelopment Bank of Japan.He was transferred into its Institute for Capital Investment Studies in 1977.

In 1981, he left the DBJ to study for a year atHarvard Universityand theUniversity of Pennsylvania,where he researched capital investment in the United States. The product of his research, the 1984 bookDevelopment Studies and Capital Expenditure Economics,won the Suntory Liberal Arts Prize.

Takenaka then worked in the Ministry of Finance as a money supply researcher. He initially planned to stay for two years, but ended up working there for five years, from 1982 to 1987.

He later completed his Ph.D. atOsaka University.He taught as an associate professor at Osaka (1987–89) and Harvard (1989–90), and received tenure in the Faculty of Policy Management of Keio University SFC (Shonan Fujisawa Campus).

Political life

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Heizō Takenaka in 2008
Takenaka at the 2009World Economic ForumAnnual Meeting inDavos,Switzerland

Takenaka was picked by Koizumi to become the Minister of State for Economic and Fiscal Policy in 2001. In this capacity, Takenaka has become one of the most prominent voices in the ongoing debate over the privatization and breakup ofJapan Post.[2]

In 2002 he became Minister of State for Financial Services as well. In this capacity he was the author of the Takenaka Plan, which successfully tackled Japan's banking crisis. One of his biggest accomplishments was to change attitudes within the financial industry, including auditors who had previously rubber-stamped bank earnings reports that understated the size of bad loans. A turning point came in May 2003, when auditors refused to approve the earnings statement of Resona Bank (seeResona Holdings), forcing the bank to seek a $17 billion bailout from the Japanese government.[3]

Takenaka won his first election in 2004 and held aproportional representationseat in theHouse of Councillors.

After Koizumi'sLiberal Democratic Partycrushing victory in the2005 General Election,Takenaka assumed his last position as Minister of Internal Affairs and Communications, in charge of Japan Post privatization.

He further attempted to privatize the national public broadcasterNHKbut Koizumi did not agree and the attempt was stalled. On 15 September 2006, he announced his retirement from politics. On 28 September his resignation from the House of Councillors was permitted. On 29 September, he submitted a resignation letter to the Liberal Democratic Party, which was agreed on 11 November. On the same day his return to Keio University was disclosed.[4]Now, he is the Chairman ofPasona[5]facing multiple unethical business conducts over theTokyo Olympicsgames.[6][7]

References

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  1. ^"Leadership and Governance - World Economic Forum".
  2. ^"Japan Takes on Challenges of Structural Reforms", in:Frank-Jürgen Richterand Pamela Mar:Recreating Asia,New York: John Wiley, 2002.
  3. ^Fackler, Martin (August 6, 2003)."Unlikely Team Sets Banking in Japan on Road to Reform".The Wall Street Journal.RetrievedJuly 27,2019.
  4. ^ja: Trúc trung bình tàng # kinh lịchas of 15:28, 14 June 2007
  5. ^"Outline | PASONA GROUP".
  6. ^"Trúc trung bình tàng “パソナ” の thuần lợi ích が năm kia の 10 lần trở lên, 営 nghiệp ích lợi も qua đi tối cao に! Đông Kinh năm luân と chính phủ の コロナ đối sách sự nghiệp を đại lượng chịu chú, kếch xù trung rút き の kết quả か ".Bổn と tạp chí の ニュースサイト/リテラ.Retrieved2021-06-02.
  7. ^"“Đông Kinh năm luân の ngày đương は35 vạn yên” quốc hội で bại lộ された đông cấp エージェンシー, パソナへ の "Tiếp đón nồng hậu" 〈dot.〉 ( AERA dot. ) ".Yahoo!ニュース(in Japanese).Retrieved2021-06-02.
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Political offices
Preceded by Minister of State for Economic and Fiscal Policy of
2001–2005
Succeeded by
Preceded by Minister of State for Financial Services
2002–2004
Succeeded by
Preceded by Minister for Internal Affairs and Communications
2005–2006
Succeeded by
Business positions
New title Chairman ofPasona Group Inc.
2009–2022
Vacant