Word: sectoral
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...reporting to the Prime Minister. The NSB will be key in budget and diplomatic-policy formulation. The DPJ also wants to improve government transparency and crack down on conflicts of interest by eliminating amakudari, or "descent from heaven," a system whereby retiring bureaucrats are posted to plush private-sector jobs. "This is a new way of doing business in this country," says Curtis. "[But you] can't bash and demoralize [the bureaucrats]. The DPJ has to find a way to enlist them on their behalf...
...growing Asian markets. "Japan can benefit from high Asian growth rates even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian economies, including China, can be facilitated by participating in regional free-trade agreements; in particular, Japan could win more friends by opening up its agricultural sector to cheap food from overseas in exchange for greater access to Asian markets for its higher-margin goods. "If Japan accepts more agricultural imports, then it will have closer relations and trade volume will rise," Kanno says...
They say there are parts of the country where people have never heard of financial sector recruiting. Cambridge isn't one of those places: or at least, not the stretch of brick sidewalk between FlyBy's lair on Plympton Street and the stately Sheraton Commander, where we were due to have our first date with the nation's economic destinymakers. Wearing shirts and ties and walking along Garden Street beside a be-suited Industry Expert, retained specially by FlyBy for the event, our blogging correspondents found themselves subject to the once-over of a slick-looking Asian man wearing...
Still, Shelby has his reasons for wanting a bill to fix the financial sector, and they start with pride. "At 75 years old this is probably the last major thing he'll participate in," says one senior GOP Senate staffer. Democrats in the Administration and on Capitol Hill say they believe Shelby is negotiating in good faith. (Read "Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan...
...bloc's Emission Trading Scheme only covers around 40% of its emissions. The U.S. plan, by comparison, will cover roughly double that portion, says Simon Tilford, chief economist at the Centre for European Reform in London. (Unlike the U.S., Europe, didn't include the petroleum sector in its own scheme, preferring to more heavily tax the industry instead.) Extending the "fiendishly complicated" system, as Tilford calls it, would be enormously difficult. Brussels "is worried that this system is not yet fully perfect," says Egenhofer of the Centre for European Policy Studies, "that if you get diffuse sources, such as households...