Word: junichiro
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...When Junichiro Koizumi was invited to Camp David one day last June, the Japanese Prime Minister brought along his baseball glove, and the two ball-playing leaders of the world's most powerful economies had a mutually admiring game of catch by the pool. This week, as George W. Bush flies to Tokyo, the first stop in a one-week Asian tour that includes Beijing and Seoul, he has to be wondering if it's time to play hardball. Koizumi, despite his bold promises of reform when he took office 10 months ago, has accomplished little. Japan's decade-long...
...says Yoshiharu Nakashima, who ought to know: he's a pawn-shop owner in Tokyo's Ueno district. When U.S. President George W. Bush visits next week, he'll undoubtedly spend some backroom time telling the Japanese to get their acts together. His host will be Prime Minister Junichiro Koizumi, who achieved rock-star popularity by promising to do just that, but whose public support vanished this month when he caved in to Japan's troglodytic Old Guard - the bureaucrats and Liberal Democratic Party (LDP) hardliners - robbing the population of the hope of change. At the end of next month...
Last fall, bakeries did a brisk business selling biscuits stamped on top with a picture of Japanese Prime Minister Junichiro Koizumi and his wavy locks. Shops couldn't keep the Koizumi snacks in stock. Then customers stopped gazing at Koizumi's pastry image long enough to take a bite out of them. And what did they discover? As one Tokyo shopkeeper said last week: "They taste the same as all the other cakes." A lot of Japanese now think Koizumi is like those cakes - good looking on the outside; bland and predictable on the inside...
...JAPAN Bearish Outlook The government got a win in parliament last week, defeating a no-confidence motion against Agriculture Minister Tsutomu Takebe. But the victory was small compared to the mounting challenges for Prime Minister Junichiro Koizumi. The stock market is at 1983 levels, the banking sector may need a bail-out, and, worst of all, Koizumi's popularity, long his biggest asset, is waning: new polls show support for his Cabinet at an all-time...
Last week, Summers discussed Japan’s prospects for economic recovery with Prime Minister Junichiro Koizumi...