Word: closers
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...global economic crisis dealt a blow to Japan's export-led economy, and there was little to fall back on. Domestic consumption and investment need to be closer to the center of economic growth, and that requires major change, including regulatory reform. Leaning less on export-oriented growth doesn't mean cutting back on exports if the government uses deregulation to stimulate domestic consumption, says Naohiro Yashiro, an economics professor at Tokyo's International Christian University. The DPJ plans to do that by increasing household income through monthly child allowances and the elimination of highway tolls, which should have...
...powerhouse for growth in Asia. Japan, which has helped build the region with economic assistance and technology, needs to continue to cultivate Asia's economic potential and strengthen diplomatic ties. "Japan can benefit from high Asian growth rate even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian economies, he says, are a must, particularly in terms of agricultural trade and free-trade agreements. "If Japan accepts more agricultural imports, then it will have closer relations and trade volume will rise." Kanno says agricultural reform has the potential to have more of an impact than the overhaul...
...console. Unlike his first two visits in 1997 and 2001, when he met with incumbent presidents Lee Teng-hui and Chen Shui-bian, both advocates of independence for the island, he won't be meeting or even crossing paths with President Ma Ying-jeou, who has been drawing Taiwan closer to China. (See pictures from the Dalai Lama's 60 years of leading Tibet...
...Since he came into office last year, Ma has sought closer ties with China and has succeeded - now Taiwan and China have direct transportation, financial and cultural exchanges. The Dalai Lama praised the warming of ties between Taiwan and China. "Things are moving better, that's good," he said on Monday. "The Taiwanese should have a very close and unique link to China, but at the same time, Taiwan enjoys democracy - that you must preserve...
...Party leader Yukio Hatoyama, set to become Japan's next prime minister, has been vocal about distancing the country from Washington and forging closer ties with its Asian neighbors...