The Aso government won a small victory on Friday when the lower house passed the 2009 budget, ensuring that even if the upper house does not act on it the budget will pass into law before the start of the new fiscal year.The discussion will now unavoidably shift to the timing of the general election. …
Tag: LDP
Ozawa holds his ground
Earlier this week, I discussed the furor that greeted Ozawa Ichiro's remarks about the reduction of US forces in Japan.The LDP, unable to resist the urge to go on the offensive for a change, immediately jumped to condemn Ozawa's remarks as dangerously naive."It's unrealistic," said Kawamura Takeo, chief cabinet secretary."Nothing but irrational," said Machimura Nobutaka, …
Japan loves risk (Noah Smith)
In the past year, Japan's exports fell 45.7%. Exports to all regions were hit - down 52% to America, 45% to China, and 46.7% to Asia as a whole. Japan's mighty national champions, its automakers, have been hit the worst: Toyota's exports are off 56.2%, Honda's 46.3%, Nissan's 62.1%.That's absolutely stunning. It is catastrophic. Words …
Aso’s missed opportunity
As Aso Taro's poll numbers continue to plummet — in addition to reaching 11% approval in the Mainichi and Sankei Shimbun polls, his disapproval rating in the Sankei poll is at 80.2% — and as the likelihood of an LDP defeat in this year's general election rises, it is worth asking whether there was anything …
Anything goes
As Prime Minister Aso Taro prepares to travel to Washington to meet with President Barack Obama, he leaves behind a political situation that is nothing short of chaos.Asahi has published a snap poll that found that 71% of respondents — and 76% of self-described independents among the respondents — believe that Aso should resign immediately, …
How can Japan be saved?
With the sudden departure of Nakagawa Shoichi from twin posts of finance minister and state minister responsible for the financial services agency (FSA), Yosano Kaoru has been elevated from state minister for economic and fiscal policy and now holds all three positions simultaneously, making him, to borrow a term from American politics, the Aso government's …
The long and short of it (Noah Smith)
Gerald Curtis's article in the Financial Times deserves a response from me as well. The short version of my response is that I agree with Tobias: the fact that the DPJ will not be able to avert a depression is not sufficient reason to write them off.The longer version is this: Curtis is right when …
And there you have it
Nakagawa Shoichi has indicated that he will resign following the passage of the 2009 budget and budget-related bills.As MTC notes, "Provided that the Asō Cabinet is still existence then, I would have to add."I would add that with Nakagawa Shoichi's self-destruction, the power of the LDP's ideological conservatives appears to be in freefall.Consider the HANA …
A pox on both their houses?
Writing in the Financial Times, Columbia's Gerald Curtis laments the impotence of politicians from both the LDP and the DPJ in the midst of a historic economic crisis.The LDP, he writes, is "like the proverbial deer staring into the headlights...paralysed by fear rather than energized by it." But the DPJ is little better, as he …
Nakagawa Shoichi is now Aso’s problem
As the above video illustrates, Nakagawa Shoichi, finance minister, financial services minister, and Aso ally appeared at the G7 meeting in Rome, where he stumbled and slurred his way through his remarks to the press and fell asleep during the plenary session.Hatoyama Yukio, DPJ secretary-general, has already called for Mr. Nakagawa to be fired for …
Tobias S. Harris 