Tokyo is paying a hefty price. The price for the country's prime minister's near-obsession to follow Trump's erratic and ever-changing policy lead on North Korea. The devote Shinzo Abe for a long time bragged about being in constant touch with Trump on respective policies towards North Korea. Too bad, however, that Trump decided to kiss good sense and even remotely rational behaviour good-bye for good changing his mind on and policies towards Pyongyang on a daily basis.
Tough talk and the wrong priorities. That or something like that is what Japan under Prime Minister Shinzo Abe can contribute to the outcome of the upcoming inter-Korean summit. Indeed, limiting himself to repeating U.S.
In May 2014 Prime Minister Shinzo Abe decided to launch the Cabinet Bureau of Personnel Affairs, a new bureau, run by Katsunobu Kato, Abe’s closest aid. This maneuver is no doubt aimed at tightening control of bureaucrats, that have been indulging overwhelming power for ages. This shows clearly the importance of bureaucracy in political life of Japan.
Forget the political parties that are contesting Japan’s parliamentary election this weekend. The real choice for Japanese voters as they cast ballots is between cynicism and indifference. Prime Minister Abe Shinzo has called a snap election less than halfway through the parliament’s term – but not because his parliamentary majority is at risk and voters need to give him and his party a new mandate. Just the opposite: Abe has called an election to exploit a disorganized opposition and protect his own back. This is breath-taking opportunism.
Economic good sense and reforms as opposed to ill-fated nationalism and historical revision. In a nutshell, this is what Japan’s current and most probably also future government should be able to provide the Japanese electorate with after Japan’s Lower House elections on December 14.
Abenomics is at a crisis point. The economy slipped back into recession in Q3, prompting a delay to the second planned consumption tax hike and a snap election. The Bank of Japan meanwhile has also reacted to weak growth by expanding its monetary easing programme. The latter decision may avoid a return to deflation but unless the ‘third arrow’ of Abenomics – structural reform – is activated, Japan’s relative economic decline is set to continue.
Two Asian leaders who planned to meet at the APEC meeting in Beijing actually did just that: on November 10 Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping met for a short but nonetheless symbolically very important encounter. During their reportedly not exactly ‘warm-hearted’ encounter, Abe and Xi reportedly agreed to make efforts to work on maritime crisis management in order to prevent further Japanese-Chinese maritime clashes in disputed territorial waters in the East China Sea.
Japan’s (relatively) new government is arguably doing (much) better than its critics inside and outside of Japan anticipated when the Liberal-Democratic Party (LDP) Prime Minister Shinzo Abe took over power last December.
Japan’s (relatively) new government led by Prime Minister Shinzo Abe has got a very ambitious economic and monetary policy agenda. Since Abe took office last December, he adopted a massive economic stimulus package while convincing Japan’s central bank (the Bank of Japan, BoJ) to support and help adopting his plans to achieve 2 per cent inflation through am enormous quantitative easing program.
The LDP is back. After three years in opposition, the Liberal-Democratic Party led by the party’s president Shinzo Abe won an impressive landslide victory in Japan’s general elections on December 16. The LDP won 294 seats in the Lower House (the parliament’s first chamber) while its coalition partner the New Komei Party won 31 seats in the Lower House. The governing coalition’s strength exceeds 320 seats, more than two-thirds of the total seats in the chamber.