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.
POLITICAL PRISONERS VS DEPORTEES: Venezuela’s prosecutor’s office slammed the call by El Salvador’s leader, accusing him of crimes against humanity Salvadoran President Nayib Bukele on Sunday proposed carrying out a prisoner swap with Venezuela, suggesting he would exchange Venezuelan deportees from the US his government has kept imprisoned for what he called “political prisoners” in Venezuela. In a post on X, directed at Venezuelan President Nicolas Maduro, Bukele listed off a number of family members of high-level opposition figures in Venezuela, journalists and activists detained during the South American government’s electoral crackdown last year. “The only reason they are imprisoned is for having opposed you and your electoral fraud,” he wrote to Maduro. “However, I want to propose a humanitarian agreement that
ECONOMIC WORRIES: The ruling PAP faces voters amid concerns that the city-state faces the possibility of a recession and job losses amid Washington’s tariffs Singapore yesterday finalized contestants for its general election on Saturday next week, with the ruling People’s Action Party (PAP) fielding 32 new candidates in the biggest refresh of the party that has ruled the city-state since independence in 1965. The move follows a pledge by Singaporean Prime Minister Lawrence Wong (黃循財), who took office last year and assumed the PAP leadership, to “bring in new blood, new ideas and new energy” to steer the country of 6 million people. His latest shake-up beats that of predecessors Lee Hsien Loong (李顯龍) and Goh Chok Tong (吳作棟), who replaced 24 and 11 politicians respectively
Archeologists in Peru on Thursday said they found the 5,000-year-old remains of a noblewoman at the sacred city of Caral, revealing the important role played by women in the oldest center of civilization in the Americas. “What has been discovered corresponds to a woman who apparently had elevated status, an elite woman,” archeologist David Palomino said. The mummy was found in Aspero, a sacred site within the city of Caral that was a garbage dump for more than 30 years until becoming an archeological site in the 1990s. Palomino said the carefully preserved remains, dating to 3,000BC, contained skin, part of the
Russian hackers last year targeted a Dutch public facility in the first such an attack on the lowlands country’s infrastructure, its military intelligence services said on Monday. The Netherlands remained an “interesting target country” for Moscow due to its ongoing support for Ukraine, its Hague-based international organizations, high-tech industries and harbors such as Rotterdam, the Dutch Military Intelligence and Security Service (MIVD) said in its yearly report. Last year, the MIVD “saw a Russian hacker group carry out a cyberattack against the digital control system of a public facility in the Netherlands,” MIVD Director Vice Admiral Peter Reesink said in the 52-page
RSS