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...effort to make this vital structural change, the DPJ has recognized a simple fact long denied by predecessors: consumer spending is weak because household income is so low relative to GDP. Real wages per worker have fallen every year but one since 2001. In response, the DPJ, in its policy manifesto used to win the election, came up with a series of programs that will not only put more money into the pockets of consumers but also ease the financial burdens of child-rearing. Programs would include a child allowance of $3,000 per year per child, free medical care...

Author: /time Magazine | Title: Hatoyama's Challenge in Japan | 11/9/2009 | See Source »

...What Japan needs today is fiscal stimulus that stresses the DPJ program to shift Japan to consumer-led growth. Once the economy truly recovers, that will be time to focus on deficit reduction. If Hatoyama gets the order right, hopes that the DPJ's historic election victory might bring real change to Japan might be justified...

Author: /time Magazine | Title: Hatoyama's Challenge in Japan | 11/9/2009 | See Source »

...General in Burma I was excited to read the cover story when I saw the image of Burmese chief Than Shwe [Oct. 19]. People inside and outside Burma should welcome U.S. engagement with the Burmese junta. Burma desperately needs prodding toward a real democratic transition. Without the full participation of the National League for Democracy (NLD) led by Aung San Suu Kyi in the coming 2010 election, I don't think that will occur. The U.S should encourage the Burmese generals to engage with the NLD and other ethnic leaders for a long-lasting peace. Salai C. Alexander, Seoul...

Author: /time Magazine | Title: Inbox | 11/9/2009 | See Source »

...English, as "Swiss-ness." The government is mulling new laws that will raise the Swiss share of those production costs to 60%. Forty million fake Swiss timepieces are made every year, most of them in China, claims the Federation of the Swiss Watch Industry. Sales of the real thing are threatened, despite the federation's slogan: "Fake watches are for fake people. Be authentic. Buy real...

Author: /time Magazine | Title: Identity Crisis for the Swiss | 11/9/2009 | See Source »

...that as women's power and wealth start to surpass men's, men and women increasingly share the same interests and concerns. But that has not been my experience. Working in a female-dominated profession, I repeatedly hear women express frustration that there don't seem to be many real men anymore. Men express confusion that their efforts not to be domineering leave them disdained by those women. The irony is that many men today try to be the sensitive, nonabrasive types that the women's movement said women would want. But in fact, many women do not want these...

Author: /time Magazine | Title: Inbox | 11/9/2009 | See Source »

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