Word: economice
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1. Get the Budget Under Control In mid-September, the DPJ will take over officially, with the Diet's election of Hatoyama as Prime Minister and the appointment of ministers. That leaves 100 days for the new administration to draft a budget for the next fiscal year that doesn't...
The DPJ must keep a lid on deficit spending "to demonstrate that they're fiscally responsible," says Gerald Curtis, a Japanese-politics expert and professor at Columbia University. Not everyone is convinced they'll succeed. Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo, is skeptical that cutting wasteful spending...
2. Diversify Japan Inc. Japan must finally abandon the script it followed to become an industrial superpower. The global economic crisis has exposed the country's overdependence on its manufacturing-for-export model. GDP in the first quarter plunged a staggering 15.2% as demand evaporated for cars from Toyota, Honda...
DPJ leaders say they want to boost Japan's nonindustrial economy by lowering taxes paid by local businesses, developing new environmental technologies and creating jobs in health care and agriculture. Toshihiro Ihori, an economics professor at Tokyo University, adds that offering incentives to attract skilled foreign labor and multinational companies...
The DPJ plans to appoint 100 ruling-party politicians to oversee ministries. In order to transfer more power to the Cabinet - and away from ministry bureaucrats - the DPJ will also replace the Council on Economic and Fiscal Policy, an advisory group to the Prime Minister's office set up in...