Miyazawa later returned to frontbench politics when he was once again appointed finance minister from 1998 to 2001 in the governments of Keizō Obuchi and Yoshirō Mori.
Miyazawa kemudian kembali ke frontbench politik ketika ia sekali lagi ditunjuk menteri keuangan 1999-2002 dalam pemerintahan Keizo Obuchi dan Yoshiro Mori.