Word: aso
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...Yosano took over the finance and banking positions from former Finance Minister Shoichi Nakagawa, who resigned in mid-February after appearing to be drunk at a G-7 press conference. Prime Minister Taro Aso tapped Yosano as the ultimate insider; as minister of economy, a post he has held since September, Yosano knew his way around the draft budget for 2009. Still, the breadth of his responsibilities now is daunting. (Read "Sony's Woes: Japan's Iconic Brands Under Fire...
...need it. As part of Japan's economic recovery program, Aso has told Yosano to prepare a stimulus package of a 10 trillion yen ($100 billion), at least 2% of GDP, to help create jobs, secure credit for firms and develop energy-efficient technologies. The supplementary budget to fund the stimulus is expected to go to the Diet by end of the month. (See pictures of Japan and the world...
...ties. He gets appointments the Confucian way: through merit. And his political contacts are not confined to the LDP; he plays go with opposition party president Ichiro Ozawa. As his plans become more front and center, his star seems to be on the rise. Yosano took second place to Aso in last September's elections for a new LDP leader. "Given the problems that Japan faces, people feel that there's a solid quality to Yosano, a trustworthiness that makes people feel confident he's in charge," says Curtis. In a newspaper poll conducted six weeks ago, Yosano tied with...
...While Aso's star turn at the G-20 could help Aso at the polls, the fate of his administration will more likely be decided by his ability to pull Japan out of its economic tailspin. The public's lack of confidence in the government's handling of the economy has benefited the opposition party, the Democratic Party of Japan (DPJ) - so much so that it could wrest control of government from Aso's ruling Liberal Democratic Party (LDP) for the first time in decades in the next general election. There has been speculation that Aso might call an election...
...According to Curtis, the Japanese public may be ready to accept that "maybe Aso is the best we can get right now ... by not making big mistakes, he benefits because the expectations about...