The Third Way has, belatedly, arrived in Japan.The style of politics popular in advanced industrial democracies during the 1990s among center-left leaders keen to reconcile their left-wing parties to the rise of neo-liberalism and the onset of austerity after the 1970s had heretofore failed to surface in Tokyo. But with the ascendancy of Kan Naoto, …
Tag: Japanese economy
Still before dawn
In the wake of Koizumi Junichiro's landslide election victory in 2005, the Economist published a survey on Japan under the headline "The Sun Also Rises," complete with a cover photo over the sun shining over Mt. Fuji.The Economist was hardly alone in proclaiming that the Koizumi era marked the beginning of a new, optimistic era …
Professor Hatoyama holds forth
Before entering politics — the family business — Hatoyama Yukio was a fledging academic, a Stanford-educated engineer. His background as an academic is often on display when he delivers set piece addresses. He has a penchant for abstraction, for drawing upon broad principles and shying away from the nitty gritty details of policy. This tendency …
Why the Hatoyama government matters
As the Hatoyama government's approval numbers have faltered and more recently plummeted, as reports about the inappropriately large role being played by Ozawa Ichiro in the government (despite not being a cabinet minister) have grown, as doubts about Hatoyama Yukio's abilities as a leader have deepened, and as the court of public opinion internationally has …
The unrealistic DPJ?
In the Wall Street Journal, Ian Bremmer and Nouriel Roubini recently warned of the dangers of the Hatoyama government's "unrealistic" policies and advising Prime Minister Hatoyama Yukio to follow Barack Obama's lead.Hatoyama, they tell us, needs to face up to reality. He "needs to become 'Hatobama,' a pragmatist ready to disappoint ideological allies and assuage …
Will the DPJ weather the global rebalancing?
David Brooks's latest column in the New York Times calls for a restoration of "economic values" in the United States, with the aim of making "the U.S. again a producer economy, not a consumer economy." Brooks sees a decline in traditional values of restraint behind the rise of consumer spending to ever greater portions of …
Continue reading Will the DPJ weather the global rebalancing?
The DPJ and Japanese capitalism
I have an essay up at the website of the Far Eastern Economic Review that questions the notion that the DPJ is somehow anti-capitalist.You can find it here.
The LDP’s unlucky numbers
With two days until the general election, Asahi anticipates that turnout this year might be higher than 2005's 67.5% and might even top 70% for the first time since the 1990 general election. The weather should cooperate: there is some rain in the forecast for the Kanto area Sunday, but otherwise it looks clear across …
A reply to Jun Okumura from Naomi Fink
Jun Okumura raised some questions regarding the op-ed in the Wall Street Journal Asia that I co-wrote with Naomi Fink. Naomi has penned the following reply to Jun.I contest the points on fiscal policy as follows:If you do not count the Y6trn stimulus portion of the FY09 budget (which Jun Okumura has not) then you …
Op-ed on the DPJ and growth
The Wall Street Journal Asia has published an op-ed version of the paper I wrote with Naomi Fink.It's available here.
Tobias S. Harris 