Aso Taro has arrived in Washington for the G20 summit on the global economic crisis.He leaves behind a country tottering on the brink of ruin. The OECD has announced that, like the reappearance of cancer after remission, Japan may once again experience deflation in 2009. Consumer confidence is at a record low. The question on …
Tag: LDP
Aso continues to stumble
Another month has come, and with it more bad news for Prime Minister Aso.Yomiuri has published its latest tracking poll and found that just over a month into the Aso cabinet the prime minister's unfavorable rating has surpassed his favorable rating. His disapproval rating rose 3.3% to 41.9%, edging past his approval rating, which fell …
Plus ça change…
There appears to be little doubt that on Thursday Aso Taro will announce a new set of economic measures — and will also announce that he will not schedule an election for the later part of November. Yomiuri reports that Oshima Tadanori, the LDP's parliamentary affairs chairman, has voiced his disagreement with the prime minister's …
Aso pushes back
Prime Minister Aso, holding a press conference in Beijing where he is attending the annual Asia-Europe meeting (ASEM), suggested that in the midst of the current crisis, he will be prioritizing Japan's international role over the "domestic political situation."The press interpretation of this remark is that Mr. Aso was signaling that he will not call …
Pushing on a string
During its long "lost decade," Japan became painfully acquainted with the concept of pushing on a string.In monetary policy, pushing on a string is when a central bank finds itself unable to reverse an economic downturn with customary monetary policy tools; famously, the Bank of Japan slashed nominal interest rates to zero without success in …
On the LDP and its factions
My latest contribution to the Far Eastern Economic Review's website — on the decline of the LDP's factions — can be found here.Subscribers to the Far Eastern Economic Review can also find my take on the Aso cabinet in the October 2008 print edition.
The LDP looks to delay a general election
His poll numbers slipping (even in Yomiuri, in whose latest poll his approval rating fell 3.6% to 45.9% and his disapproval rating rose 5.2% to 38.6%), the financial system collapsing, the US "passing" Japan on North Korea, and the DPJ refusing to provide an issue with which the government can galvanize public opinion (for now), …
The DPJ embraces tactical retreat
Yamaoka Kenji, the DPJ's Diet strategy chairman, indicated in Diet proceedings Wednesday that the DPJ will consent to a quick vote on the bill extending the MSDF's refueling mission in the Indian Ocean. He didn't say that the DPJ would support it, of course, but he did say that the DPJ would consent to moving …
Aso stumbles out of the gate
In Asahi's latest opinion poll, the Aso cabinet's approval rating fell seven points to 41%, and its disapproval rating rose six points to 42%. The skepticism of nonaligned voters about Aso Taro continues to grow, at least in this poll: the approval rating among nonaligned voters fell seven points to 24% and rose seven points …
Ozawa responds
Two days after Aso Taro issued his challenge to the DPJ to put country first, DPJ President Ozawa Ichiro delivered his rebuttal to Mr. Aso's address.The speech was mostly a repeat of his speech last month to the DPJ convention following his uncontested reelection as DPJ president.In contrast to Mr. Aso, he provided a series …
Tobias S. Harris 