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Latest Prime Ministers of Japan Stories

2009-09-01 07:15:42

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...

2009-08-31 22:44:30

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. style market reforms. However, experts told The New York Times, the country may need more, not less, deregulation...

2009-06-18 12:54:23

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. As part of that plan, the Post sought to sell the Kampo-no-yado network of resort inns last year. But the sale was canceled in January after Internal Affairs Minister Kunio Hatoyama charged the sale was fixed, Kyodo News reported Thursday. Hatoyama's dispute...

2009-05-28 14:28:56

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 House of Councilors -- the upper house -- Kyodo news reported Thursday. The vote is expected Friday. Also on the agenda for Friday, representatives will vote on establishing a consumer affairs...

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2009-04-07 11:50:00

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 package would be the largest stimulus measure ever in Japan, The Japan Times reported Tuesday. Considering the most recent plunge (of the Japanese economy), which is one of the worst among the major advanced nations . . . the prime minister instructed me to consider countermeasures on an actual spending scale of more than 2 percent of...

2009-03-16 07:50:00

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. But its rhetoric remained consistent from a month ago after five months of downgrades. The government report said corporate profits were decreasing very substantially. A month ago, the report said corporate profits, down 64.1 percent October through December...

2009-03-02 13:30:08

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. Then, after waffling on the issue, Aso said he would use the money immediately to stimulate consumptions. Aso originally said he would not accept the money on the principal that it was designed to support lower-class livelihoods, Kyodo reported. He also said wealthier Japanese should...

2009-01-23 15:58:13

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...

2008-12-24 16:54:20

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. 19 after presenting the already approved 4.79 trillion yen second extra budget for fiscal 2008. Aso said the budget is a bold measure to protect people's livelihoods. Kyodo reported. "When we face abnormal economic conditions, we need an extraordinary...

2008-10-10 09:00:26

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. While saying that he would like to see the outcome of the meeting of finance ministers and central bank governors of the Group of Seven economies to be held Friday in Washington, Aso said, "If there is a need to hold a G-8 summit,...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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