Japan’s new finance chief pledged yesterday to revive the economy and shake up his powerful ministry, after his predecessor quit due to poor health in a fresh setback for the government.
“I want to help revitalize Japan,” Naoto Kan told reporters outside his home, a day after being named by Japanese Prime Minister Yukio Hatoyama to take the helm of the world’s second largest economy, reeling from its worst slump in decades.
Kan, who will have his hands full as both the finance minister and the deputy prime minister, has criticized the finance ministry as the symbol of old-style politics led by unelected but powerful bureaucrats.
“If I make meaningful changes at the ministry, it would be a model for changing Kasumigaseki [the center of Japan’s bureaucracy] as a whole,” he said.
The 63-year-old faces the daunting task of steering Asia’s biggest economy out of its worst post-war downturn, while also keeping the soaring national debt under control in the face of growing global concerns about sovereign debt.
“Unless Kan shows strong leadership ... Japan’s economy will not be able to get out of the trap of deflation and mounting government debt,” JP Morgan economist Masaaki Kanno said.
Far from the violence ravaging Haiti, a market on the border with the Dominican Republic has maintained a welcome degree of normal everyday life. At the Dajabon border gate, a wave of Haitians press forward, eager to shop at the twice-weekly market about 200km from Haiti’s capital, Port-au-Prince. They are drawn by the market’s offerings — food, clothing, toys and even used appliances — items not always readily available in Haiti. However, with gang violence bad and growing ever worse in Haiti, the Dominican government has reinforced the usual military presence at the border and placed soldiers on alert. While the market continues to
An image of a dancer balancing on the words “China Before Communism” looms over Parisian commuters catching the morning metro, signaling the annual return of Shen Yun, a controversial spectacle of traditional Chinese dance mixed with vehement criticism of Beijing and conservative rhetoric. The Shen Yun Performing Arts company has slipped the beliefs of a spiritual movement called Falun Gong in between its technicolored visuals and leaping dancers since 2006, with advertising for the show so ubiquitous that it has become an Internet meme. Founded in 1992, Falun Gong claims nearly 100 million followers and has been subject to “persistent persecution” in
ONLINE VITRIOL: While Mo Yan faces a lawsuit, bottled water company Nongfu Spring and Tsinghua University are being attacked amid a rise in nationalist fervor At first glance, a Nobel prize winning author, a bottle of green tea and Beijing’s Tsinghua University have little in common, but in recent weeks they have been dubbed by China’s nationalist netizens as the “three new evils” in the fight to defend the country’s valor in cyberspace. Last month, a patriotic blogger called Wu Wanzheng filed a lawsuit against China’s only Nobel prize-winning author, Mo Yan (莫言), accusing him of discrediting the Communist army and glorifying Japanese soldiers in his fictional works set during the Japanese invasion of China. Wu, who posts online under the pseudonym “Truth-Telling Mao Xinghuo,” is seeking
‘SURPRISES’: The militants claim to have successfully tested a missile capable of reaching Mach 8 and vowed to strike ships heading toward the Cape of Good Hope Yemen’s Houthi rebels claim to have a new, hypersonic missile in their arsenal, Russia’s state media reported on Thursday, potentially raising the stakes in their attacks on shipping in the Red Sea and surrounding waterways against the backdrop of Israel’s war with Hamas in the Gaza Strip. The report by the state-run RIA Novosti news agency cited an unidentified official, but provided no evidence for the claim. It comes as Moscow maintains an aggressively counter-Western foreign policy amid its grinding war on Ukraine. However, the Houthis have for weeks hinted about “surprises” they plan for the battles at sea to counter the