The Susanoo boom?

Once again David Pilling, the FT's Tokyo correspondent, has a superb analytic piece on Japan, in this case the Japanese economic recovery (unfortunately subscription only). He reports that forthcoming statistics are expected to confirm that the economic recovery that began in 2001 will surpass the fifty-eight-month "Izanagi" boom that lasted from 1965 to 1970.He cautions …

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Takenaka criticizes Fukui (and the Abe cabinet?)

With the Bank of Japan sending signals that it will raise Japan's interest rates soon, Takenaka Heizo, former Prime Minister Koizumi's point man on the economy and structural reform, has criticized the BoJ (and implicitly its president) for prematurely tightening monetary policy, reports the FT.For a high-ranking "Koizumian" to criticize Japan's monetary policy -- which …

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Fukui’s itchy trigger finger

It seems that while Prime Minister Abe is busy fending off opposition attacks in the Diet on nuclear weapons, Fukui Toshihiko, the president of the Bank of Japan, has been signaling that the BoJ will be raising interest rates again soon, this despite ambiguous signs about the strength of Japan's recovery.There are serious questions whether …

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Ozawa v. Abe, round two

DPJ President Ozawa Ichiro and Prime Minister Abe Shinzo had their second sparring match in the Diet yesterday, much of which was spent discussing the ongoing 『核保有』 問題 (the possession of nuclear weapons problem). The FT provides a good summary of the debate up until now here.The Mainichi Shimbun reports that Ozawa spent fifteen of his …

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The Yomiuri Shimbun weighs in

Having already written at length on the nuclear debate once today, I still feel the need to comment on the Yomiuri Shimbun's editorial today (in Japanese) -- 「議論すら封じるのはおかしい」 (roughly, "It is laughable to even try to stifle the discussion."The Yomiuri argues, as I have elsewhere, that the debate is less about nuclear weapons and more …

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The nuclear debate "fallout" continues to spread

Quite a bit has happened in the intervening days since Mr. Nikai called for restraint. As I expected, it seems that the "loose lips" of Mr. Aso and Mr. Nakagawa have led to greater outrage from other parties and more calls for prudence from LDP senior officials.First, as this article in the Asahi Shimbun reports, …

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Nuclear "indiscretion" causing problems for Abe?

The Yomiuri Shimbun reports today that Nikai Toshiro, head of the LDP's Diet Strategy Committee (国会対策委員会, kokkai taisaku iinkai, usually abbreviated as 国対, kokutai), publicly cautioned Foreign Minister Aso Taro and LDP Policy Affairs Research Council chief Nakagawa Shoichi to exercise "prudence" in their remarks on Japan's acquiring nuclear weapons.The source of this comment is …

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