AUSTERITY

From 2002 on, cap bond issuances at $247 billion a year. Targets: Public-works and social welfare spending, plus special grants to prefectures.

PORK ROAST

Slash funding by 20% or so to seven state-linked companies that focus on highway construction and business lending.

CITY PERKS

Remaining public-works spending will be tilted toward such major urban centers as Tokyo and Osaka instead of rural Japan.

PRIVATIZATION

Put in private hands big public universities, an array of municipal services, and of course, the sprawling postal savings system.

Data: BusinessWeek

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