politics

Aso wants Japan to take lead in creating new global financial order

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Japan will be able to maintain. The question is what are the people going to do and how to influence them to (keep) spending. How quickly that catches on, here and globally, is everyone's guess. Here, the flair of recent Aso will have to conitinue perhaps, and into realms of the family and education. Touchy subjects.

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I do think we need to explore the commitment problem of Aso, which has caused many people to conclude that Aso, as a career politician, has the emotional maturity of a hamster. This is not the case. A hamster is much more capable of making a lasting commitment, especially if one gives it those little food pellets. Whereas Aso, in a relationship of leadership, will consume the pellets of trust, and he will run on the exercise wheel of greed; but as soon as Aso senses that the door of commitment is about to close and trap him in the wire cage of true responsibility, he'll squirm out, scamper across the kitchen floor of uncertainty and hide under the refrigerator of Non-Readiness.

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What a laugh. Aso talks as if Japan has actually solved the root problems that caused the collapse of the bubble economy. Everyone with half a brain knows that is not the case. All Japan did was borrow massive amounts of money -- the highest debt to GDP ratio among the G7 -- to prop up banks and zombie companies that should have gone under. And spend on huge public works projects. As a result, the Japanese domestic economy is still terribly inefficient and the country is still way too dependent on foreign trade, particularly with the U.S. Not to mention that all this simply delayed action needed to fix the pension plan. Some example. Sorry, but I hope the G20 looks for leadership elsewhere.

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Aso has no plan but scattering money. His whole life had been only wasting money from his child-hood. And he had been talking about it boastfully. Probably, he wishes to talk it to the world now.

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Aso needs to hire 'Joe the Plumber' to fix various problems at home and then may venture and assume a leading role for reconstruction of global financial markets.

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jeremy Paxman says that ASo need to devalue the Yen, or japan is headed for a decade of depression and many jousehold name companies will collapse.

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I think Japan should take concrete action.

After all, Japan is concrete nation.

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Japan hosted the G8 Summit in Hokkaido in July.

Where was the leadership of Japan to stem the market meltdown BEFORE it happened and create a new global financial order??

Oh, Fukuda was Prime Minister in July...sorry.

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After all, Japan is concrete nation.

by a cement of Aso Corporatin.

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jeremy Paxman says that ASo need to devalue the Yen, or japan is headed for a decade of depression and many jousehold name companies will collapse.

they should sell off billions of yen first thing tomorrow. totally agree. Japanese companies are having hard times and cannot employ new staff. what does that do to the economy? no bonus for salarybots, no new jobs being created etc....its a disaster for Japan having the Yen so high against big trading partners.

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well maybe that little bonus Aso wants to pass out, will actually prove how much people actually have to spend, ....and we all know how much the leaders have changed, Id say Aso himself really knows the truth of it, so what is the point in mentioning all that? perhaps you want more handouts?

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he should get the vibrancy level sorted out first before he tries to do anything real

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Aso talks as if Japan has actually solved the root problems that caused the collapse of the bubble economy. Everyone with half a brain knows that is not the case. All Japan did was borrow massive amounts of money -- the highest debt to GDP ratio among the G7 -- to prop up banks and zombie companies that should have gone under.

Great point that people seem to forget about. This is just a bid by Aso to make Japan a more prominant world player.

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let me see $100billion / 125million people = $800 = 80,000yen

hmmmmmm

how about investing into renewable energy, that will increase more job, allow for mass production, bring the price down, decrease usage of fossil fuels and CO2, give Japan a cleaner image, put Japan on track again for leaders in renewable energy and so on.

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why should Japan shoulder the burden from a mess that was created by the U.S. in the first place? we are not a slave.

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I think that is Juninchiro how reformed the banks in J and the Chinese new market what ended the recession in J. Until that happened, LDP measures only keeped J in intensive care, not alive, not dead. I dont think that I dont heard that he have a proposal for reform the banks or an idea for make contries trade more in place of less. I dont know... something like a new international currrency holded by the IMF for avoid speculation in international trade. Offer more money is lead only in contribution.

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Aso wants to keep his job come next election too, but it aint gonna happen.

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ohh the negativity....now when a leader finally doing something and everybody is scoffing

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Can you imagine if all the banks in the world adopt the Japanese system? You will have to wait for hours with a piece of paper in your hand to see a Teller. Then sit down again while it gets processed. Not to mention the long wait at ATMs while old ladies with 50 bank books in their hand shuffle their money around. There would be riots.

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Thats a good one. After decades of following the Japanese are going to take the lead in something, what a joke. The Japanese don't do anything until its already been done, then turn around and say Hey look what we did!.

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Japanese politicians have not led on the international stage for decades. As another poster stated, they merely maintain the status quo ... and with this mode of operation eventually fall behind.

So the idea of a dyed-in-the-wool career Japanese politician like Aso actually 'leading' on anything of any significance outside (or inside) Japan is basically laughable.

In any case, Mr. Aso will not be PM this time next year. And by the way, 'PM' should be changed to 'PC' ... for Prime Caretaker, as caretaker is closest in meaning to the role these geriatric, right-wing, status-quo at all costs guys take on when assuming the Japan 'top job'.

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“I would like to proceed with our action to help strengthen financial cooperation in Asia and support self-reliant development of the region,” Aso said.

Are we sure this is what he meant to say? Maybe he read his speech wrong.

S

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HAhahahahahahahahahahahah!!!!!!!!!!!! This reminds me of the chest thumping after that big wave smashed Indonesia. Germany,Australia and Japan were trying to trump each other's aid packages. Meanwhile America was delivering tons of food and mediale supplies to villages. The 700 billion dollar aid package has been established and banks are just starting to use it.

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japan to take lead? How? Why? Sorry, it's the new world orders, girls and boys. pffttt, japan as a 'leading' nation? Yeah, but we all know how the asian co-prosperity sphere worked out....

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Japan as leader??? Ha ha ha, joke of the century!

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We'll see if PM Aso has the best solution to the current problems. APEC is a week away, and it will be obvious if he understands the dynamics involved in APEC, does he have the influence thereof, and can he obtain a consensus? Crunch time is coming w/ a slew of multilateral forums in the Asia-Pacific. Time will tell.

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MWTravel

sorry to burst yr bubble but the only thing Aso is trying to is the following:

buy votes for the next election in Jpn

buy off the world & try to get a stool with the rest of the permanent members

He is not trying to do anything about the world economy, sorry thats just the way it is

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I'm sure he does but since the government is broke it's nothing than a wish.

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Someone who thinks that whole neighbourhoods filled with mom and pop shops are still financially viable has no business telling the rest of the world how to fix the global economy.

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