How much longer can the US count on Japan to buy Treasuries?Nakagawa Masaharu, since 2007 shadow finance minster in the DPJ's Next Cabinet, has raised the specter of DPJ government's forgoing US government bonds (at least those dominated in dollars instead of yen). In a story that originated with the BBC, according to Jiji, Nakagawa …
Tag: Japanese politics
The short race to pick Ozawa’s replacement
The campaign to replace Ozawa Ichiro as DPJ president quickly turned into a race between Okada Katsuya and Hatoyama Yukio, who have until Sunday to convince the DPJ's upper and lower house members of their merits to serve as the face of the party in the forthcoming general election.Uesugi Takashi, writing in Shukan Daiyamondo, argues …
How severe is the fallout from Ozawa’s fall?
Despite widespread expectations that he would not survive to lead the DPJ into this year's general election, Ozawa Ichiro's resignation is reverberating around the Japanese political system.Aso Taro, commenting on the Ozawa's resignation, claimed that he could not understand why Ozawa would resign now, two days before the debate scheduled between the party leaders. It …
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Now the Ozawa era is over
It appears that Ozawa Ichiro is finally tired of fighting for his political life.After weeks of circling the drain, of calls from members of his own party to resign or clarify his explanation of why his aide was wrongfully accused, Ozawa has decided to call it quits. He will not be resigning from the Diet, …
The LDP’s reformists continue to battle family politics
Surprisingly, given the howls of protest from within the LDP that greeted Suga Yoshihide's proposal to include a ban on hereditary candidates in the party's election manifesto, the LDP appears ready to include restrictions on political inheritances in the manifesto after Suga met with Koga Makoto, the LDP's chief elections strategist, and Ibuki Bunmei, former …
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A witness to history
Nagao Yasushi, the Mainichi Shimbun photographer who won the Pulitzer Prize for this extraordinary photo of the assassination of Socialist Party leader Asanuma Inejiro by Yamaguchi Otoya, was found dead Saturday. He was seventy-eight. The assassination, which occurred on 12 October 1960 was the capstone on what was perhaps the most momentous year in postwar …
Combating Botchan rule
The Japanese political establishment is debating how to combat an infestation that has penetrated Nagata-cho and is allegedly gnawing away at the foundations of Japanese democracy.I'm speaking, of course, of Japan's hereditary politicians, who constitute roughly a quarter of the members of the two houses of the Diet.The debate has grown out of an internal …
Benign neglect at work?
After President Barack Obama met with Prime Minister Aso Taro at the White House in February, I suggested that " the administration may be prepared to follow through on an unstated policy of benign neglect: having given Japan its assignments (civilian reconstruction in Afghanistan, progress on realignment, etc.), the administration will now turn its attention …
Conservative-in-chief
Fresh from his trip to Washington, D.C., Abe Shinzo has thrust himself into the debate over how Japan should respond to North Korea's rocket launch this month.On Tuesday he delivered an address to the new study group led by Yamamoto Ichita (discussed in this post) that calls for an "investigation" into the development of conventional …
Has Aso made up his mind about an election?
In recent days Komeito has upped the intensity of its disapproval of the government's calling a general election following the passage of its proposed stimulus package.The LDP's junior partner is still concerned about an overlap between the general election and the Tokyo prefectural assembly election in July, but it has added a new argument against …
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Tobias S. Harris 