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Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
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Japan's new prime minister runs into difficulties in improving public finances by cutting some of the pork-barrel spending and making chages such as abolishing the gasoline tax to put more money in the hands of consumers. Cuts of wasteful spending came to less than a fourth of the target of $33 billion. The Finance Minister said that tax receipts for the year ending March 2010 would come in at $400 billion, about $100 billion less than estimated earlier, and this is less than the deficit for the current fiscal year of $590 billon.
Japan- need for generational change and new team to run government.
08/28/2006
Abe to succeed Koizumi, bringing a new team. Followed by Hatoyama and Kan of the Democratic Party of Japan. The lack of generational change and effective leadership in Japanese politics and government.
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Japan's financial system after the global financial crisis of 2008-2009.
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Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
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Japan- Debt and the Deficit
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Japan's public debt is reaching twice the size of its $5 trillion economy.
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Rising Debt a Threat to Japanese Economy
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Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
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Japanâs Prime Minister Warns That Debt Could Bring a Crisis Like That of Greece
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Japan Stimulus Spending 2008-2010
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The efforts by the administration of prime minister Taro Aso to promote stimulus spending.
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Japan Sets $100 Billion Stimulus Plan
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Japan to Take Stakes in Ailing Companies
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The new Japanese government of Yukio Hatoyama and the Bank of Japan favor a stronger yen..
09/28/2009
The new yen policy would reduce Japan's dependence on exports and by reducing import prices could spark much needed consumer spending.
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Stronger-Yen Policy Gets Put to the Test
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As Yen Rises, Japan Faces Tricky Policy Choices
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Japan's Finance Minister Hardens Talk Against Yen Strength
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Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
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Japan's Yen Rises Above War Jitters, Deflation
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The new administration of Yukio Hatoyama of the Democratic Party in Japan.
03/15/2009
A major postwar shift away from the Liberal Democratic Party to the Democratic Party of Japan and to a younger generation of politicians.
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Once Mighty Party Falls, and Worries Grip Japan
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Japan’s Political Dynasties Come Under Fire but Prove Resilient
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Japan’s Next Premier Vows to Cut Emissions Sharply
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Japan’s New Prime Minister Takes Office, Ending an Era
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Japan’s Leader Promotes $81 Billion Stimulus Plan
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Hatoyama fails to implement his vision for Japan.
12/23/2009
Perceived as indecisive over issues related to cutting wasteful spending and reducing the deficit, and the shift of an American base out of Okinawa, Hatoyama's popularity drops to 25%. He resigns (teary- eyed) after only 8 months in office. It shows how difficult it has become to find aleader since Mr Koizumi left office.
Linked Articles
Japanâs Premier Will Quit as Approval Plummets
New York Times 06/01/2010
Harsh Realities Stand in the Way of a Leader’s Vision of a New Japan
New York Times 12/23/2009
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