TOKYO (Reuters) – Japanese court rulings declaring December’s election invalid in some districts are highlighting an electoral system that critics say gives the rural elderly excessive influence compared with younger urbanites at elections.
That inclines politicians to push policies that favor welfare and protectionism at the expense of measures to boost economic growth, the critics say, and so could act as a drag on efforts to reform the economy and lower barriers to trade.
TOKYO (Reuters) – Japan’s government should steer clear of picking industrial winners and losers and focus on opening the economy to trade and competition as the best way to boost growth, but not all those advising Prime Minister Shinzo Abe agree on which strategy to stress, a member of a panel on industrial competitiveness said.
“We don’t have explicit confrontations and we don’t yell at each other in meetings, but I am sure that there are different philosophies about how, and how much, the government should be involved in creating the strategy and reforming particular industries,” Hiroshi Mikitani, CEO of e-commerce operator Rakuten Inc (4755.OS: Quote, Profile, Research, Stock Buzz) told Reuters in an interview on Wednesday.
TOKYO (Reuters) – Prime Minister Shinzo Abe vowed on Monday to speed up rebuilding from the huge earthquake, tsunami and nuclear crisis that struck Japan’s northeast two years ago, promising that the nation would emerge stronger from its worst disaster since World War Two.
The 9.0 magnitude earthquake struck at 2:46 p.m., triggering tsunami waves as high as 30 meters (100 feet) that swept away residents and their homes. Nearly 19,000 people died and some 315,000 evacuees were stranded, including refugees from radiation spewed from the devastated Fukushima atomic plant.
TOKYO, March 11 (Reuters) – Japan honours the victims of its
worst disaster since World War Two on Monday: the March 11, 2011
earthquake, tsunami and nuclear crisis that killed almost 19,000
people and stranded 315,000 evacuees, including refugees who
fled radiation from the devastated Fukushima atomic plant.
The 9.0 magnitude earthquake struck northeast Japan at 2:46
p.m., triggering tsunami waves as high as 30 metres (100 feet)
that swept away residents and their homes.
TOKYO, March 8 (Reuters) – The crowds of anti-nuclear
protesters have dwindled since Japan’s “Summer of Discontent”
last year, and a new government is keen to revive the country’s
atomic energy industry, but Morishi Izumita says he is not about
to throw in the towel.
“We can’t give up. I’m here every week,” said 64-year-old
Izumita, one of hundreds gathered outside the prime minister’s
office one Friday nearly two years after a huge earthquake and
tsunami triggered the world’s worst nuclear disaster since
Chernobyl in 1986 at Japan’s Fukushima Daiichi plant.
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe, whose country is embroiled in a row with China over tiny islands, on Thursday quoted former British Prime Minister Margaret Thatcher’s reflections on the 1982 Falklands war with Argentina to stress the importance of the rule of law at sea.
“Our national interests have been immutable. They lie in making the seas, which are the foundation of our nation’s existence, completely open, free and peaceful,” Abe said in a wide-ranging policy speech to parliament in which he also urged Japan to seek to become “No.1″ as an economic power.
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe appears poised to raise the curtain on Act Three of his “Abenomics” drama with a decision to join talks on a U.S.-led free trade pact, seen by some as a test of his appetite for vital economic reform.
Abe’s first two acts – big spending and a push for hyper-easy monetary policy aimed at reviving the economy – have met little political opposition, since few vested interests are harmed.
TOKYO, Feb 25 (Reuters) – An avid reader of detective
novels, Haruhiko Kuroda may now get a chance to try to unravel
the mystery of engineering Japanese economic growth if the Asian
Development Bank chief is confirmed as the next Bank of Japan
Prime Minister Shinzo Abe is expected to nominate the
68-year-old former finance ministry official for the BOJ’s top
post, sources told Reuters on Monday. Abe is trying to transform
the central bank into a bold deflation fighter to revive Japan’s
TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe will be seeking to put a strong U.S.-Japan alliance on full display in the face of potential threats from a nuclear North Korea and an assertive China when he meets U.S. President Barack Obama on Friday.
Abe, who has kept his ratings high since taking office in December, also needs Obama’s signoff on his economic revival recipe of big spending and hyper-easy monetary policy.
TOKYO (Reuters) – Japan’s biggest opposition Democratic Party, which could be key in choosing a new central bank governor, opposes appointing a proponent of extreme steps to reflate the economy but would not automatically reject leading candidate Toshiro Muto, the party’s shadow finance minister said.
“I am not saying that Mr. Muto is OK, but just because we rejected him five years ago does not mean we would automatically say ‘No’ this time,” Seiji Maehara told Reuters in an interview.