Word: hirohisa
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...Tuesday, Deputy Prime Minister Naoto Kan, who is also the national strategy chief, and Finance Minister Hirohisa Fujii, stressed the importance of quantitative easing to the Bank of Japan. In turn, the Bank agreed to cooperate by lending 10 trillion yen, in the form of short-term loans, to commercial banks at the rate of 0.1%, and to accept government bonds and corporate debt as collateral...
...with the nasty problem of deflation, an indication that the economy is suffering from excess capacity. The falling prices, by eating away at the financial health of companies, could lead to more downsizing and slower growth. "The recent price falls are not right and worrisome," Japan's Finance Minister Hirohisa Fujii recently said. (Read "Abu Dhabi: An Oil Giant Dreams Green...
...other statistics painted a more troubling picture. The price of goods and services slid by 2.6% in the third quarter, the biggest drop since 1958. Consumer prices have dropped for seven straight months. "The recent price falls are not right and worrisome," Japan's Finance Minister Hirohisa Fujii said at a Nov. 20 press conference. "This is one of the major policy issues right now." Deputy Prime Minister Naoto Kan was even more blunt. He stated flatly this week that the country is "in a deflationary state." (See pictures of Japan in 1989 and Japan...
...same way as before. They're serious about changing the way that government works - and that's reflected in this Cabinet." Hatoyama has surrounded himself with key DPJ executives in what Okumura says could be the "strongest across the board" Cabinet ever. Key members are Finance Minister Hirohisa Fujii and Health Minister Akira Nagatsuma, who will have to deal with tough issues that the Japanese public - aging and anxious about the future - want tackled quickly: the anemic economy and the mismanaged pension system run by the Health Ministry...
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