Word: taro
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...eyes are now on the upcoming meeting of G-7 finance ministers and central bank chiefs scheduled for Friday in Washington. On Tuesday, Japan's Prime Minister, Taro Aso, urged industrialized countries to take further measures to shore up credit markets. "The impact would be substantial if the G-7 didn't send a clear message," he said. Meanwhile, as the crisis continues to deepen, Asia's frustration continues to mount. "Masters of the Universe have bitten the dust, the same dust that is now in the mouths of the rest of us," Nirupam Sen, India's permanent representative...
...Cooperation - under the umbrella of the Japan International Cooperation Agency (JICA). The revamped agency's annual budget of more than $10 billion puts it in the same league as the Asian Development Bank and the U.S. Agency for International Development. With the sagging economy, which many - including Prime Minister Taro Aso - say is already in recession, the reorganization doesn't necessarily mean more money, just a more efficent way at dispensing it. JICA expects the change to scale up its activities and quickly turn projects into viable programs and also streamline the process of providing technical assistance, grant...
...Taiwan recently unveiled a $5.6 billion spending package for its sagging economy that included subsidized mortgages and new infrastructure projects. Japan's Cabinet on Sept. 29 proposed a $17 billion supplementary budget to help ease the burden of high energy and food prices on businesses. Newly installed Prime Minister Taro Aso is also calling for tax cuts to boost domestic demand. "Rebuilding the Japanese economy is an issue of utmost urgency," Aso said in his first policy speech. China, which could see its GDP growth rate fall below 10% next year for the first time since 2002, is widely expected...
...Tokyo A New Face for Japan On his fourth try for the Prime Minister's post, former Foreign Minister Taro Aso ascended to the top job on Sept. 24. A brash, freewheeling nationalist given to political gaffes (he has joked about Alzheimer's disease and said he wanted Japan to be an attractive destination for "rich Jews"), Aso, 68, cuts a sharply different figure from his dour predecessors, Shinzo Abe and Yasuo Fukuda--whose tenures were dogged, respectively, by scandal and partisan gridlock. A former Olympic sharpshooter and an avid fan of manga comics, he has stressed energizing Japan...
Liberal Democratic Party leader Taro Aso became Japan's 59th prime minister after sweeping a Sept. 24 vote in Parliament. His chief order of business will be to restore public confidence in the LDP as the party that can lead the nation out of recession and restore economic growth. But his first job will be to stay in office long enough to make a difference...