The Home Premium version lacks the "Windows XP Mode" that Professional/Ultimate had. You cannot use the official Microsoft XP VM. You must rely on native installation or Oracle VirtualBox.
If you must use JInitiator specifically, note that it is a 32-bit application and may require the and the 32-bit Java Runtime to function on a 64-bit OS. Some users have found success by: The Home Premium version lacks the "Windows XP
Even then, Java 1.3.1 applets may crash or hang on 64-bit Windows due to system calls incompatibility. The Home Premium version lacks the "Windows XP
It was released in the early 2000s for Oracle E-Business Suite (EBS) 11i. It is a modified Java 1.1.8 runtime environment, designed exclusively for 32-bit Internet Explorer on legacy Windows (98/2000/XP). The Home Premium version lacks the "Windows XP