Word: japanize
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...TOKYO) - Japan's newly empowered leader Yukio Hatoyama rushed Monday to select Cabinet ministers and start making good on promises to revive the world's second-largest economy after his party's historic trouncing of the ruling conservatives...
...Liberal Democrats have governed Japan for virtually all of the past 54 years...
...Official results were still being counted, but exit polls by all major media said Hatoyama's Democratic Party of Japan had won more than 300 of the 480 seats in the lower house of parliament. That would easily be enough to ensure that he is installed as prime minister in a special session of parliament that is expected to be held in mid-September...
...Japan managed to climb out of a yearlong recession in the second quarter, but its economy remains weak. Unemployment and anxiety over falling wages threatens to undermine any recovery. The jobless rate has risen to a record 5.7 percent. After a rapid succession of three administrations in three years, Japan is facing its worst crisis of confidence in decades...
...Democrats' solution is to move Japan away from a corporate-centric economic model to one that focuses on helping people. They have proposed an expensive array of initiatives: cash handouts to families and farmers, toll-free highways, a higher minimum wage and tax cuts. The estimated bill comes to 16.8 trillion yen ($179 billion) when fully implemented starting in the 2013 fiscal year...