Dec 25, 2010

Revitalizing national politics

The Democratic Party of Japan realized a dramatic change of government with its great win in the Lower House election in August 2009. The DPJ victory came when policy evolution in the later years of the coalition administration by the Liberal Democratic Party and ...

Nov 25, 2010

Surviving the currency competition

The yen’s exchange value is considered likely to top the rate of ¥79.75 to the dollar registered in 1995 for an all-time high sooner or later. At a meeting that ended Oct. 23, Group of 20 finance ministers and central bank governors managed to ...

Oct 11, 2010

Is Japan's disease curable?

Since the 1990s, often called Japan’s “lost 10 years,” many parts of Japanese society have been disintegrating. Japan’s influence has been in decline in the international community and on the global economic scene. Its share of the world’s gross domestic product dropped from 14.3 ...

Aug 11, 2010

Can Japan's politics change people's despair to hope?

The outcome of the July 11 Upper House election symbolized voters’ distrust of national politics in Japan. The ruling Democratic Party of Japan led by Prime Minister Naoto Kan took only 44 of the 121 contested seats against its pre-election share of 54 seats ...

Jul 13, 2010

How Japan regains vitality

Japan’s international rating has been declining lately. Heard overseas are suggestions that Japan is about to enter its third “lost decade,” or that Japan has disappeared off the world’s radar screen. Its share of global GDP, 14.3 percent in 1990, slipped to 8.9 percent ...

May 18, 2010

Overhaul industrial policy to bolster the economy

Japan’s industrial power is so stagnant that it seems a crisis is in store for our economy. Even as it lags far behind the United States in creating intelligent information systems, Japan is finding that South Korea, Taiwan and China are catching up with ...

Apr 7, 2010

Getting along with China

Chinese Premier Wen Jiabao, delivering a government work report at the third session of the 11th National People’s Congress in March, claimed that China was “first in the world to realize economic recovery and positive turnaround” following the international financial crisis, and that its ...

Mar 9, 2010

Hatoyama's growth strategy for economy raises questions

Responding to the criticism that the Hatoyama Cabinet lacks a growth strategy, the government on Dec. 30 unveiled the basic policy of its new strategy for economic growth titled “For a Shining Japan.” The government intends to achieve “economic growth driven by demand expansion” ...

Jan 29, 2010

Building on Copenhagen

Last month the 15th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP15) closed by announcing the Copenhagen Accord drawn up by major participating countries. Although the process produced some positive results — such as calls for steps to hold ...

Jan 8, 2010

Public hopes fade to fears over the DPJ's capabilities

The Hatoyama Cabinet’s approval rating is falling rapidly. In the Lower House election last August, people in Japan rejected the Liberal Democratic Party’s long years of reliance on vested interests in favor of the Democratic Party of Japan for a change of government. From ...