Word: hatoyamas
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...voters handed power to the Democratic Party of Japan (DPJ) in the Aug. 30 parliamentary election, many had hopes that the country's new leaders would begin to solve some of the country's intractable economic problems. Among other popular proposals, the new government, led by Prime Minister Yukio Hatoyama, vowed to provide more government assistance for families to promote consumer spending while simultaneously taming the country's ballooning debt, which at nearly 200% of GDP is the highest among rich nations...
...finding it easier to make campaign promises than to keep them. Less than two months after taking over, Hatoyama's administration is being forced into a difficult balancing act between the need to prevent a double-dip recession and the desire to keep Japan's budget deficit from spinning out of control. The recession is knocking tax revenues so far below expectations that the deficit will rise to $548 billion this year, an enormous 10% of GDP. Yet, despite Hatoyama's instructions to keep next year's spending no higher than this year's initial budget of $970 billion...
...which was owned by the government until it was privatized in 1987, to fail. The airline has already been bailed out three times since 2001, and was guaranteed 80% of a 100 billion yen emergency loan by the previous administration. On Thursday, Japan's new Prime Minister, Yukio Hatoyama, said "public support may become necessary" for JAL and that he wants to finalize restructuring plans for the company "as soon as possible," on the sidelines of the G-20 meeting in Pittsburgh. Government officials "definitely don't want Japan's flagship carrier to file for Japan's equivalent of Chapter...
...There's no word yet on whether the government will provide the airline with additional funding in exchange for an ownership stake. Hatoyama's handling of the situation is being watched closely because it could signal whether Japan's new ruling party, the Democratic Party of Japan, will take a harder line on Japan Inc. than the Liberal Democratic Party, which recently lost power in parliamentary elections after nearly 54 years of unbroken rule. (See pictures of the global financial crisis...
...Meanwhile, China's neighbor Japan came out with the most aggressive carbon-emission cuts in the world. Japan's new Prime Minister, Yukio Hatoyama, pledged to reduce Japan's carbon emissions 25% below 1990 levels by 2020. Although European nations have long promised to cut their own emissions by 20% and potentially more, Japan is the most energy-efficient large economy in the world, and is poised to become a living laboratory for fighting climate change. "I am resolved to exercise the political will to deliver on this promise," said Hatoyama, whose party in recent elections overthrew the Liberal Democratic...