Word: governmental
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Dates: during 2010-2019
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It is far from clear what, precisely, Hatoyama means by "more equal," but there's little doubt that his government policy has completely altered the tenor of relations between the U.S. and its closest ally in Asia. Twenty years ago, Tokyo and Washington routinely sparred, most often over trade, but...
Hatoyama has thrown those policies in reverse. Critical of what he has called U.S.-led "market fundamentalism," Hatoyama has rejected Koizumi's now unpopular market reforms and is steering the economy toward something akin to a European-style welfare state with a wider government-funded social safety net. Though Hatoyama...
Struggling for Approval During last year's election campaign, this mystery man sold himself as a change agent. Hatoyama has pledged a complete overhaul of decades of policy held dear by the old regime. He has vowed to break the grip of the all-powerful bureaucracy and place greater policymaking...
Matters won't get any easier. Economists worry that Hatoyama's social-welfare programs will only increase the government debt ratio, which is already more than twice that of the U.S. His reforms are also likely to face stiff resistance from the still powerful elements of the establishment, especially the...
The confusion within Hatoyama's government has complicated his relations with Washington. His administration "has yet to craft a clear vision of their strategy" on security issues, says Sheila Smith, senior fellow for Japan studies at the Council on Foreign Relations in Washington. "They're working it out as they...