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...Shinzo Abe deftly became Japan's new Prime Minister without giving his country-or its neighbors-a clear idea of his policies. Readers nonetheless cautioned against pigeonholing...

Author: /time Magazine | Title: Letters | 10/9/2006 | See Source »

...imperative that Shinzo Abe, who will be elected as Prime Minister by the Diet this week, continues financial progress. While NPLs at the megabanks were down to 1.8% of total loans as of March, they remain at 4.5% at the regional banks. The latter lend almost as much as the big banks. Furthermore, NPLs have fallen partly because more than 26% of all loans charge an interest rate of less than 1% and 9% charge less than 0.5%. How will these borrowers fare as interest rates return to normal...

Author: /time Magazine | Title: Abe's Economic Challenge | 9/25/2006 | See Source »

...better "social safety net" while continuing with market reforms. Such reforms, and the sustained growth they will bring, will have the desired effect of reducing Japan's chronic budget deficit-which is a symptom, not a cause, of Japan's problems. The question everyone is asking is whether Shinzo Abe-who has never shown much interest in economics-has both the desire and the capability to continue reform. On this, too, the jury is still...

Author: /time Magazine | Title: Abe's Economic Challenge | 9/25/2006 | See Source »

...projects; in a speech, deputy director Aleksandr Ananenkov laid out a broad vision for that company to link oil fields in eastern Siberia with the Sakhalin project to create one vast network. The affected oil firms have reacted guardedly, but others have been blunt in their criticism - most notably Shinzo Abe, Japan's next Prime Minister. The Sakhalin projects are supposed to become a major source of liquefied natural gas for Japan, and two Japanese companies are Shell's partners. "I am concerned that major delays might have a negative influence on overall Japanese-Russian relations," Abe warned. The political...

Author: /time Magazine | Title: Frozen Assets | 9/24/2006 | See Source »

Crowd-pleasing Elvis fan Junichiro Koizumi bids farewell to the top job in Japan this week. His likely successor: conservative Shinzo Abe, right, who hopes to revamp Japan's pacifist constitution...

Author: /time Magazine | Title: What's Next: Oct. 2, 2006 | 9/24/2006 | See Source »

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