Select Your Style

Choose your layout

Color scheme

While many in both parties agree that Japan must raise its

Japan political drama leaves basic ills unresolved

TOKYO (Reuters) A lame duck leader, a combative opposition that can block legislation, and a ruling party divided by private feuds canada goose coats on sale and differences canada goose clearance sale over how best to solve the country long term ills.

Japan’s Prime Minister Naoto Kan (R) shakes hands with Truong Tan Sang, permanent member of the secretariat of the Vietnamese Communist Party’s Central Committee, in Tokyo June 2, 2011. REUTERS/Franck cheap canada goose uk Robichon/Pool

Canada Goose online When the dusts settles, that may be the takeaway from the political drama that concluded on Thursday with buy canada goose jacket cheap a promise by Prime Minister Naoto Kan to resign once he has brought the crisis at the Fukushima nuclear power canada goose store plant under control.

Canada Goose sale The unpopular leader pledge was a last buy canada goose jacket minute deal to keep rivals in his Democratic Party of Japan (DPJ) from backing a no Canada Goose Parka confidence motion in parliament that would have forced him to resign or call a snap election.

The bargain Kan struck has canada goose coats averted the worst case scenario of a Canada Goose sale political vacuum as the government struggles to rebuild a vast area devastated by March 11 earthquake and tsunami, and contain radiation leaks at Tokyo canada goose black friday sale Electric Power Co Fukushima plant, which was torn apart by the natural disaster.

canada goose coats But beneath the surface, what has lately looked like a dysfunctional political system remains in dire straits.

canada goose coats on canada goose sale sale is made any easier by this decision and the focus of attention will be on politics Canada Goose Online in the Beltway, said Columbia University professor Gerry Curtis.

buy canada goose jacket cheap will canadian goose jacket spend all their time maneuvering. and who is going to think about foreign policy, about Tohoku (the tsunami devastated northeast) or about anything of significance?

canada goose black friday sale Indeed, no sooner had Kan survived the no confidence vote on Thursday, signs of friction resurfaced, with canada goose factory sale a former prime minister who had helped broker the deal calling the party No.2 a.

Canada Goose Jackets One reason for the lingering tension is that Kan cheap Canada Goose did not give a target date for his departure, which could come Canada Goose online in a matter of months but without a timetable his pledge is vague.

Canada Goose Parka Optimists said the deal might persuade the opposition, who control parliament upper house and can block bills, to agree to enact a law enabling Canada Goose Outlet the government to borrow more to fund nearly half of a $1 trillion budget for the current fiscal year.

canadian goose jacket But the main opposition Liberal Democratic Party (LDP) on Thursday repeated its canada goose stance that the DPJ must first drop key campaign promises to leave more money in consumers pockets. The

No. 2 in the party also threatened to take the fight to the upper house which the opposition controls and present a non binding censure motion against Kan there.

canada goose deals COALITION Some predict that enacting an extra budget to pay for what will be Japan biggest reconstruction project since the days after World War Two might be easier now that the opposition has failed to pass the no confidence motion.

canada goose clearance But divisions persist even within the DPJ over how to fund such spending, with some lawmakers opposed to raising taxes to repay canada goose uk outlet the fresh debt that is certain to be needed.

canada goose Former foreign minister Seiji Maehara, sometimes cited as a possible successor to Kan, said the passage of the funding bill uk canada goose outlet was not assured given the divided legislature.

canada goose store the funding bill is not passed, Canada Goose Jackets it will be a big canada goose uk black friday drag on the Japanese economy and reconstruction, and it is also directly linked to the extra budget, Maehara said. canada goose uk shop even though the no confidence motion has been rejected, things have not settled down and the problems have not changed.

Canada Goose Outlet Equally troubling, Japan next leader may https://www.canadagooseoutlet4sale.com fare no better in efforts to cap the rising social security costs of a fast aging population and a ballooning public debt that is twice the size of the $5 trillion economy.

Ratings agencies have already warned that Japan political stalemate and bickering could lead to a downgrade of its sovereign debt rating on the world third largest economy.

Some analysts said the chances of a coalition between Kan Democrats Canada Goose Coats On Sale and the LDP would probably be higher under Kan successor since the opposition party has insisted his grip on power was the major obstacle.

cheap Canada Goose Among the names that have been floated are: Deputy Chief Cabinet Secretary Yoshito Sengoku; National Strategy Minister Koichiro Gemba, who has good ties with some in the LDP; Agriculture Minister Michihiko Kano; Maehara, a uk canada goose security hawk; and Shinji Tarutoko, who lost a party canada goose clearance leadership race to Kan last year.

Kan resigns, the chances of a coalition are higher, said Kyohei Morita, chief economist at Barclays Capital Ltd. decision making capability would be greater, but that doesn mean they would adopt the right policies.

Forging policy pacts among a giant coalition diverse members would not be easy. While many in both parties agree that Japan must raise its sales tax from 5 percent to fund rising social security costs, others in both camps are opposed.

canada goose clearance sale another disaster. Kan will step down, but the question is, who will succeed him? said Masaaki Kanno, chief economist at JP Morgan Securities Japan.

basic problem will never be solved (by a coalition) because in the LDP a number of people object strongly to a consumption tax hike and it the same in the DPJ, he said, adding that only a fundamental realignment of the political parties along policy lines could solve the dilemma.

Author Info

admin

No Comments

Post a Comment