The three key elements of this policy remained the adoption of a floating exchange rate system, the anchoring of monetary policy to the inflation target and the acceleration of banking sector reforms, he said.

BBC: Indonesia signs new IMF deal

Japan, the world's second biggest economy, has been sidelined because of its persistent failure to push through the fundamental reforms needed to overcome its problems reforms in the banking sector, and in fiscal and monetary policy.

ECONOMIST: The fragile world recovery | The

Hashimoto has earned kudos for his "Big Bang" reforms, which involve restructuring the nation's economy, fiscal policy and finance sector.

CNN: MAN 'WITH A FACE'