News / Asia

Japan's Next PM Ramps Up Pressure on Bank of Japan

Japan's Liberal Democratic Party President Shinzo Abe smiles during a question and answer during a press conference at the party headquarters in Tokyo, December 17, 2012.
Japan's Liberal Democratic Party President Shinzo Abe smiles during a question and answer during a press conference at the party headquarters in Tokyo, December 17, 2012.
VOA News
Incoming Japanese Prime Minister Shinzo Abe has renewed his pledge to pressure the Bank of Japan to ease monetary policy after leading his conservative party to a sweeping election victory.

Speaking to a packed news conference Monday, Abe said the central bank should heed the election result when it meets later this week to discuss policy. He said once he formed his cabinet on December 26, he would instruct ministers to double the Bank of Japan's inflation target.

During the campaign leading up to Sunday's landslide victory, he had called for increased public works spending and an easy monetary policy to pull Japan's once-vibrant economy from its fourth recession in the past 12 years.

Abe also vowed to improve ties with Beijing while standing firm on Japan's claim to a cluster of uninhabited islands in the East China Sea controlled by Tokyo but claimed by China and Taiwan.

The conservative leader on Monday again called the Senkaku islands "inherently Japanese territory," referring to the islands that China calls Diaoyu.

In Beijing, Chinese Foreign Ministry spokesperson Hua Chuying responded that China is highly concerned about which direction Japan will take now that the election is over, and hopes that Japan will encourage constructive and peaceful development of ties between the two countries.  

Abe's Liberal Democratic Party said it won 294 seats and its coalition partner New Komeito 31 in the 480-member House of Representatives. That would secure a two-thirds' majority - enough to override the upper house, where the ruling Democratic Party of Japan is the largest single party.

Japanese Prime Minister Yoshihiko Noda announced his resignation as the DPJ chief after losing in parliamentary election in Tokyo, December 16, 2012.Japanese Prime Minister Yoshihiko Noda announced his resignation as the DPJ chief after losing in parliamentary election in Tokyo, December 16, 2012.
x
Japanese Prime Minister Yoshihiko Noda announced his resignation as the DPJ chief after losing in parliamentary election in Tokyo, December 16, 2012.
Japanese Prime Minister Yoshihiko Noda announced his resignation as the DPJ chief after losing in parliamentary election in Tokyo, December 16, 2012.
The DPJ, headed by current Prime Minister Yushihiko Noda, got only 57 seats in Sunday's elections.  Noda promptly announced his resignation as party chief, acknowledging that the DPJ has not been able to meet people's expectations.

U.S. President Barack Obama congratulated Abe on his success and said he is looking forward to working closely with the new Japanese government.

The LDP, Japan's conservative nationalist party, has dominated the country's politics since the 1950s, with only a few brief periods in opposition. Abe last led the country in 2006, but he stepped down after a troubled year in office, citing health problems.

The country remains in a two-decade economic slump, and voter dissatisfaction in 2009 allowed Mr. Noda's DPJ party to wrest power from the conservatives. Since that DPJ win, critics say the party has failed to deliver on a series of promises, including vows to crack down on wasteful government spending, and promises of cash incentives to encourage young couples to start families.

You May Like

Katrina Brought Enduring Changes to New Orleans

The city’s recovery is the result of the people and culture the city is famous for, as well as newcomers and start-up industries More

China to Open Stock Markets to Pension Funds

In unprecedented move, government to soon allow local pension funds to invest up to $94 billion in domestic shares More

Magical Photo Slides Show Native Americans in Late 1800s

Walter McClintock spent 20 years photographing the Blackfoot Indians and their vanishing culture at the dawn of the modern age More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Colombians Flee Venezuela as Border Crisis Escalatesi
X
August 27, 2015 2:08 AM
Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Is China's Economic Data Accurate?

Some investors say China's wild stock market gyrations have been made worse by worries about the reliability of that nation's economic data. And some critics say the reports can mislead investors by painting an unrealistically-strong picture of the economy. A key China scholar says Beijing is not fudging ((manipulating)) the numbers, but that the economy is evolving quickly from smoke-stack industries to services, and the ways of tracking new economic activity are falling behind the change. V
Video

Video Next to Iran, Climate at Forefront of Obama Agenda

President Barack Obama this week announced new initiatives aimed at making it easier for Americans to access renewable energy sources such as solar and wind. Obama is not slowing down when it comes to pushing through climate change measures, an issue he says is the greatest threat to the country’s national security. VOA correspondent Aru Pande has more from the White House.
Video

Video Shipping Containers Provide Experimental Housing

Housing prices around the San Francisco Bay area are out of reach for many people, so some young entrepreneurs, artists and tech industry workers are creating their own houses using converted shipping containers. But as VOA's Mike O’Sullivan reports from Oakland, the effort requires ingenuity and dealing with restrictive local laws.
Video

Video Arctic Draws International Competition for Oil

A new geopolitical “Great Game” is underway in earth’s northernmost region, the Arctic, where Russia has claimed a large area for resource development and President Barack Obama recently approved Shell Oil Company’s test-drilling project in an area under U.S. control. Greg Flakus reports.
Video

Video Philippine Maritime Police: Chinese Fishermen a Threat to Country’s Security

China and the Philippines both claim maritime rights in the South China Sea.  That includes the right to fish in those waters. Jason Strother reports on how the Philippines is catching Chinese nationals it says are illegal poachers. He has the story from Palawan province.
Video

Video Technique May Eliminate Drill-and-Fill Dental Care

Many people dread visiting dentists because they're afraid of drills. Now, however, a technology developed by a British firm promises to eliminate the need for mechanical cleaning of dental cavities by speeding a natural process of tooth repair. VOA’s George Putic reports.
Video

Video China's Spratly Island Building Said to Light Up the Night 'Like A City'

Southeast Asian countries claim China has illegally seized territory in the Spratly islands. It is especially a concern for a Philippine mayor who says Beijing is occupying parts of his municipality. Jason Strother reports from the capital of Palawan province, Puerto Princesa.
Video

Video Ages-old Ice Reveals Secrets of Climate Change

Ice caps don't just exist at the world's poles. There are also tropical ice caps, and the largest sits atop the Peruvian Andes - but it is melting, quickly, and may be gone within the next 20 years. George Putic reports scientists are now rushing to take samples to get at the valuable information about climate change locked in the ice.
Video

Video French Experiment in Integrating Roma Under Threat

Plans to destroy France’s oldest slum have sparked an outcry on the part of its Roma residents. As Lisa Bryant reports from the Paris suburb of La Courneuve, rights groups argue the community is a fledgling experiment on integrating Roma who are often outcasts in many parts of Europe.
Video

Video Kenyans Turn to Agriculture for Business

Each year Kenyan universities continue to churn out graduates for the job market despite the already existing high rate of unemployment among youth in the country. Some of these young men and women have realized that agriculture can be as rewarding as any other business or job, and they are resorting to agribusiness in large numbers as a way of tackling unemployment. Rael Ombuor reports for VOA.
Video

Video First Women Graduate Elite Army Ranger School

Two women are making history for the U.S. Army by proving they are among the toughest of the tough. VOA's Carla Babb reports from Fort Benning, Georgia as 94 men and those two women rise as graduates of the difficult Ranger school.

VOA Blogs