Word: helpfulness
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...includes annual cash handouts to families with children of $3,350 per child, free high school education, the elimination of highway tolls and a four-year freeze on Japan's 5% consumption tax. A balanced budget is out of the question for now, but the DPJ says it can help pay for additional programs by cutting $97.8 billion in "wasteful" government outlays...
...from Toyota, Honda and Nissan and for high-end electronics from Sony and Panasonic. Japan can no longer expect economic growth to be generated almost exclusively by a handful of powerful multinational manufacturers. Increased domestic consumption as well as investment in small- and medium-sized enterprises are needed to help drive economic growth. This will require major change, including regulatory reform that encourages the formation of small businesses that in most countries are the biggest generators of new jobs...
...word immigration doesn't appear in the DPJ's platform - the subject remains a touchy one for insular Japan. But the party has a plan to allow more foreign workers into the country to help offset the shrinking labor pool. DPJ lawmakers also want to improve the lives of younger Japanese workers by curbing the hiring of temporary workers by manufacturers, a widespread practice that over the last decade or so has relegated many youth to second-class-citizen status. While older workers hang on to the best jobs, younger workers stuck in temp positions are denied many company...
...course, Japan can't avoid growing older. But it can search for new ways to boost economic growth and maintain the strength of Japanese society. The DPJ won a watershed political victory with the help of a couple of political slogans: "Regime Change" and "Livelihood First." The former happened almost overnight. Achieving the goals implied by the latter will take years. The Japanese people are patient. They've waited decades to raise a new political party to power. Now it's up to the DPJ to prove the wait was worth...
...abroad and at home seemed to shy away from Treasuries, driving interest rates up. Also, billionaire Ross Perot spent a good part of his fortune making deficits into a political issue. In response, Washington focused for a few years on getting rid of the shortfall. With a lot of help from the late-1990s tech boom, it succeeded. As already noted, this deficit-fighting consensus disintegrated in the early Bush years. This time around, China joined Japan as a big buyer of Treasuries, interest rates stayed low, and the economy chugged along...