According to the Washington Post, in exchange for North Korea's "acknowledging" US concerns about its nuclear activities, disabling Yongbyon, and provide a full accounting of its plutonium stockpile, the US will be prepared to "remove North Korea from the U.S. list of state sponsors of terrorism and to exempt it from the Trading With the …
Category: Observing Japan Blog
Off to the races in Yamaguchi-2
Today marks the official start of campaigning in the by-election for Yamaguchi's second electoral district; the election will be held on 27 April.The election, to fill the seat vacated by newly elected Iwakuni mayor Fukuda Yoshihiko, pits the LDP's Yamamoto Shigetaro (59) against the DPJ's Hiraoka Hideo (54). Mr. Hiraoka is a three-term Diet member …
Aso, campaigning
Aso Taro's eponymous faction held a party on Friday night, with more than 2000 guests in attendance. Undoubtedly he was in good spirits, as his faction acquired two new members the previous day, Muto Yoji (HR, Gifu-3) and Hasegawa Tamon (HC, Ibaraki). The faction now has twenty members including Mr. Aso, meaning that with two …
Fukuda under pressure
A council of LDP, Komeito, and cabinet officials have conferred and agreed to a plan to phase out the road construction fund, based largely on the plan mooted by Prime Minister Fukuda in the waning days of March.As anticipated, the plan calls for shifting gasoline tax revenue from the road construction fund to the general …
Dialogue delayed
Defense Minister Ishiba, scheduled to visit Washington as part of the annual Golden Week pilgrimage of Japanese politicians and meet with Secretary of Defense Gates to discuss the alliance in broad terms, will not be visiting after all. The most likely reason for the cancellation is the fluid situation in the Diet, not to mention …
Yosano speaks
According to Sankei, Yosano Kaoru, the former chief cabinet secretary shaping up to be a major contender to succeed Fukuda Yasuo, will be releasing his first book next week, entitled Dōdōtaru Seiji (perhaps best translated as Bold Politics).Mr. Yosano's message is that Japan's leaders must be willing to exert all efforts to do what's right, …
First TV appearance
For those interested in seeing my first ever TV appearance, the video is available at CNBC's website, here.
Speaking of democracy
Addressing the DPJ's rejection of the nomination of Watanabe Hiroshi to be deputy governor of the Bank of Japan at a press conference Wednesday, Chief Cabinet Secretary Machimura Nobutaka commented upon the internal dynamics of the DPJ. He said, "Although a majority of the DPJ's investigatory subcommittee on joint personnel decisions approved the nomination, I …
All’s well that ends well; or, much ado about nothing?
As expected, the DPJ-led House of Councillors approved the nomination of Shirakawa Masaaki, the acting governor of the Bank of Japan, to serve as the full-fledged governor, thus ending Japan's three-week nightmare with only an acting governor at the helm of the BOJ. Mr. Shirakawa will make his debut on the international stage later this …
Continue reading All’s well that ends well; or, much ado about nothing?
Observing Japan on CNBC Asia
I will be appearing on CNBC Asia's "Asia Squawk Box" to discuss the BOJ succession at around 8:40am Japan time Thursday.It is my understanding that American viewers can watch it on CNBC World at approximately 7:40pm EDT.
Tobias S. Harris 