Fukuda Doctrine
Takeo Fukuda was an expert in economics. He took on the role of an ‘economic prime minister’ under Miki's administration from 1974 to 1976. During this time, he established the Ministerial Conference on Economic Measures, enabling cross-ministry and agency talks on finance, wage and labor issues.
Fukuda subsequently became the 67th prime minister of Japan, lasting for only one term from 1976 to 1978. However, he was not forced out of office before he had gotten two major diplomatic reforms executed. Under Fukuda cabinet, Japan conducted an omnidirectional peace diplomacy, and signed Japan-China Treaty of Peace and Friendship in 1978. He pushed forward Japan's pacifistic position while making an effort to strengthen relations with Asian countries.
Yoshimi Watanabe
He was tapped by Prime Minister Shinzo Abe to lead an administrative reform commission studying the potential for implementing the "dōshūsei" federal government system in Japan, and served in this capacity from 2006 to 2007. From August 2007 to August 2008, Cabinet of Yasuo Fukuda served as Minister in charge of financial services and Minister in charge of administrative reform,he urged the U.S. government to use public funds to solve the deepening subprime mortgage crisis, stating that "if there is a big hole in the bottom of the tub, no matter how much hot water you keep adding, you will never have enough hot water."