Latest Prime Ministers of Japan Stories
The head of the victorious Democratic Party of Japan downplayed his negative pre-election comments on American-styled capitalism a day after the election. In a widely circulated editorial written before the vote, Yukio Hatoyama referred to capitalism as void of morals or moderation. On Monday, after his opposition party won 308 seats in Japan's lower house, wrestling power from the Liberal Democratic Party for only the second time since World War II, Hatoyama said in a newspaper interview...
Japan's newly elected DPJ government may not like U.S.-style market-led reforms, but economists in Japan say more of that may be needed to lift the economy. The Democratic Party of Japan, which won a landslide victory in Sunday's election to the lower house of parliament, and its leader Yukio Hatoyama had campaigned on boosting social welfare and moving away from excessive U.S.
The president of the Japan Post Holding Co. offered to discipline himself over a contract scandal that helped push the internal affairs minister to resign. The government began a 10-year process of privatizing the postal service in 2007.
Ruling and opposition parties in Japan agreed to a record $144 billion supplemental budget that will go to a parliamentary vote. Although the spending measure is likely to lose in the upper house, approval in the House of Representatives will carry the measure, as that vote would trump the vote in the
Japanese Prime Minister Taro Aso has called for a supplemental spending package of $99.73 billion to get the world's second largest economy back on track.
The Japanese government Monday called the economic crisis severe as it began a series of meetings to address economic concerns. The monthly government report said the economy is in a severe situation, the Kyodo news agency reported.
Japanese Prime Minister Taro Aso said he would accept a government handout of about $125 and put it into the economy immediately. Initially, Aso said he would not accept the money, Kyodo News reported Monday.
The Japanese Cabinet endorsed a bill Friday that paves the way for raising the country's 5 percent consumption tax. A clause in the bill leaves the timing of the tax hike subject to further review, Kyodo News reported. Prime Minister Taro Aso had previously insisted the sales tax should be raised by the 2011 fiscal year, but opposition to the tax hike by members of his own Liberal Democratic Party led to a compromise, the news service said. Aso directed Akira Amari, in charge of...
Japan's Cabinet Wednesday approved a record-high 2009 budget to fight the nation's economic downturn, officials said. The Cabinet of Prime Minister Taro Aso will submit the 88,548 billion yen budget to the ordinary Diet session around Jan.
Text of report in English by Japan's largest news agency Kyodo Tokyo, Oct. 10 Kyodo - Japan is ready to host a meeting of the Group of Eight leaders and others if necessary to deal with the widening global financial crisis, Prime Minister Taro Aso said Friday.