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| 1 |
ID:
086868
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| Publication |
2008.
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| Summary/Abstract |
Unlike the long slump Japan experienced in the 1990s, which was due to domestic causes, the economy's current problems are due almost entirely to exogenous factors. A supply-side shock may result in stagflation, to which macroeconomic fiscal and monetary policies will be powerless to provide a solution; the only practical response will be technological innovation. Japan should channel efforts into developing technologies that oil-producing nations will require over the long term
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| 2 |
ID:
086872
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| Publication |
2008.
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| Summary/Abstract |
Since stepping down as president of the opposition Democratic Party of Japan in 2005, Okada has traveled all around Japan and held weekly meetings with small groups in his own electoral district. He has deepened his thoughts about his mission as a politician and now feels ready to lead if called. Japan is now slowly sinking, he says, because of tardiness in carrying out reforms. The root cause is the long rule of the LDP; to achieve a major shift in policy direction, a change of government is absolutely necessary.
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| 3 |
ID:
086866
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| Publication |
2008.
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| Summary/Abstract |
Ten years of excessive consumption have severely weakened the balance sheets of American households. And housing prices are likely to drop much further than they already have, leading to more defaults on mortgages. Banks will have a tremendous load of bad loans to write off, and they will require injections of public funds. The US government will need to seek support from other countries, which may be reluctant to buy bonds denominated in dollars. The prospect of a dollar crisis is upon us.
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| 4 |
ID:
086874
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| Publication |
2008.
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| Summary/Abstract |
Induced pluripotent stem cells are one of the hottest topics in medicine today. Expectations are rising for the use of iPS cells in regenerative medicine, and research is being carried out aggressively. Professor Yamanaka's team at Kyoto University led the world in successfully creating iPS cells in November 2007. He is now working to create a more open research environment like that in the United States and thinking about ways for Japan to get talented young people to pursue careers in science and technology
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| 5 |
ID:
086869
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| Publication |
2008.
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| Summary/Abstract |
At 9:30 in the evening on September 1, 2008, Prime Minister Fukuda Yasuo convened a suddenly announced press conference. He informed the assembled journalists that due to the likelihood that his cabinet would make little progress in formulating policies during the upcoming extraordinary Diet session he was stepping down as prime minister.
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| 6 |
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| 7 |
ID:
086865
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| Publication |
2008.
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| Summary/Abstract |
This September, as both Japan and the United States were preparing to select new leaders, the US-born financial crisis widened to global proportions. In the United States, financial unease suddenly turned economic and financial affairs into the biggest issue in the campaign for the November presidential election. In Japan, a new prime minister has now been selected, but the crisis is likely to delay the dissolution of the House of Representatives for a general election. The two major Japanese political parties are now scrambling to unveil manifestoes for dealing with financial confusion, heading off a recession, and restoring health to public finance. In Britain as well, the crisis has emerged as a major factor in the contest of wills between the government and opposition parties.
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| 8 |
ID:
086871
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| Publication |
2008.
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| Summary/Abstract |
The LDP lost power briefly 15 years ago; though it regained control of the government in less than a year, since then it has had to rely on coalitions with other parties. Now it seems to be concerned only with perpetuating its hold on power. On the opposition side, the Democratic Party of Japan is having some success in pulling the disparate elements together, but it still lacks clarity on its basic principles. Another problem is the large number of hereditary legislators, particularly in leadership positions. Parties need to do a better job of recruiting talented newcomers as candidates.
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| 9 |
ID:
086873
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| Publication |
2008.
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| Summary/Abstract |
The former Japanese ambassador to the United States looks at the bilateral relationship. Even though the Cold War, which for many years formed the basis for the Japan-US alliance, is over, this alliance continues to be the core of Japan's foreign policy, because the United States remains unrivaled in its ability to resolve the issues that arise around the globe. But the shape of the alliance is changing. For one thing, in recent years there has been a strong rise in American perceptions of Japan's strengths and a drop in the number of Americans who warn Japan not to poke its nose too deeply into global affairs
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