Word: shirakawa
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...with the briefing that announced the invitation that Clinton extended to Aso to be the first foreign leader to visit the White House under President Barack Obama's administration. "The opposition party is looking to make an opportunity out of this big mistake," says Credit Suisse chief economist Hiromichi Shirakawa. Shirakawa says that if there were economic implications of Nakagawa's resignation, they might be that the DPJ would "push the reset button" on Aso's pending budget proposal, which includes an unpopular hand out of $21.7 billion to the Japanese public. The opposition Democratic Party of Japan, he says...
...saying that he was tired, under the influence of cold medicines, and had only "a sip" of wine during the lunch before the G7 press conference. The outraged public, for better or for worse, was not having it. "Japanese are often concerned about negative reactions by other countries," says Shirakawa. "It's a kind of shame." The fact that the press conference was broadcast globally didn't help. "It's not like some tourism minister at some conference in Bermuda getting smashed," says Dujarric. "The economy is tanking and he's supposed to go to help the Japanese people deal...
...year high against the U.S. dollar last month. While the Japanese currency has weakened somewhat recently, Bank of Japan governor Masaaki Shirakawa said Sunday that currency-market intervention was possible if the yen's rise resumes. "The strong yen at a time of rapid decline in the global economy has a big negative impact on our economy in the short term," Shirakawa said. (See pictures of Japan and the world...
...economists and analysts worry that the dearth of consumer confidence, despite a low unemployment rate of about 4%, could weigh heavily in the long run. "A negative view of the world is more ingrained here," says Schuster. "People are more prepared to think that this downturn will last." Shirakawa says the mind-set of the Japanese public, which he calls structural pessimism, is, "Oh, it's a recession again" - a sentiment learned from the trials and tribulations faced during the Lost Decade. There is no easy solution to this endemic lack of confidence, he says; it requires different policy solutions...
...each family of four - a plan that has faced criticism for being insufficient and indecisive regarding who should receive the benefits. "Even if the voucher goes to the households, given the propensity of household consumption, the impact on overall GDP will be very limited," says Nishioka. Says Shirakawa: "People don't want to spend money, even if they get it from the government. Economic reforms are important, but the government needs to make people more comfortable and more confident in efficient government. It's a tough situation." Japan can only hope that its consumers will start to adopt a slightly...