Word: nakagawa
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...Yosano took over the finance and banking positions from former Finance Minister Shoichi Nakagawa, who resigned in mid-February after appearing to be drunk at a G-7 press conference. Prime Minister Taro Aso tapped Yosano as the ultimate insider; as minister of economy, a post he has held since September, Yosano knew his way around the draft budget for 2009. Still, the breadth of his responsibilities now is daunting. (Read "Sony's Woes: Japan's Iconic Brands Under Fire...
...whether Aso's performance on the world stage has given a temporary reprieve for his flagging administration. Just six weeks ago, Aso's support rating at home had plunged into the single digits as Japan's recession worsened. Shortly after that poll came out, former Finance Minister Shoichi Nakagawa embarrassed the Aso administration by showing up in what appeared to be an inebriated state at a press conference during a Group of Seven meeting in Rome. Nakagawa later stepped down. (See pictures of Japan and the world...
...hard to argue that the LDP's performance of late has been anything but miserable. Each of the three leaders since Koizumi - Shinzo Abe, Yasuo Fukuda and Aso, has seemed less impressive than the last. Last month, Aso's Finance Minister, Shoichi Nakagawa, was forced to resign after appearing to be drunk (he said he was suffering the after-effects of cold medication) at a press conference during an important international meeting. "Typically recessions were good for the LDP," says Jesper Koll, president and CEO of Tantallon Research Japan, "but this time around it is sort of pathetic. The government...
...Nakagawa, Shoichi resignation from position as Japan's fiance minister by after apparent public drunkenness...
...embattled PM may yet have one last hurrah. As the Nakagawa fiasco was playing out in Rome, Hillary Clinton was visiting Tokyo on her first overseas tour as U.S. Secretary of State. Clinton announced that Aso on Feb. 24 will visit Washington to meet with U.S. President Barack Obama. That Aso was selected as the first foreign leader to visit Obama's White House offers a ray of hope that the world's two largest economies are cooperating to solve the economic crisis. But the honor was hardly an unvarnished vote of confidence. During her Japan stopover, Clinton took...