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

Photogallery Pistorius Sentenced, Taken to Prison

Pistorius, convicted of culpable homicide in shooting death of girlfriend Reeva Steenkamp, will likely serve about 10 months of five-year sentence, before completing it under house arrest More

UN to Aid Central Africa in Polio Vaccinations

Synchronized vaccinations will be conducted after Cameroon reports a fifth case of the wild polio virus in its territory More

WHO: Ebola Vaccine May Be in Use by Jan.

WHO assistant director Dr. Marie Paule Kieny says clinical trials of Ebola vaccines are underway or planned in Europe, US and Africa 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.
After Decades of Pressure, Luxembourg Drops Bank Secrecy Rulesi
X
October 21, 2014 12:20 AM
European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.
Video

Video Young Nairobi Tech Innovator on 'Track' in Security Business

A 24-year-old technology innovator in Nairobi has invented a tracking device that monitors and secures cars. He has also come up with what he claims is the most robust audio-visual surveillance system yet. As Lenny Ruvaga reports from the Kenyan capital, his innovations are offering alternative security solutions.
Video

Video Latinas Converting to Islam for Identity, Structure

Latinos are one of the fastest growing groups in the Muslim religion. According to the Pew Research Center, about 6 percent of American Muslims are Latino. And a little more than half of new converts are female. VOA’s Carolyn Presutti travelled to Miami, Florida -- where two out of every three residents is Hispanic -- to learn more.
Video

Video Exclusive: American Joins Kurds' Anti-IS Fight

The United States and other Western nations have expressed alarm about their citizens joining Islamic State forces in Syria and Iraq. In a rare counterpoint to the phenomenon, an American has taken up arms with the militants' Syrian Kurdish opponents. Elizabeth Arrott has more in this exclusive profile by VOA Kurdish reporter Zana Omer in Ras al Ayn, Syria.
Video

Video South Korea Confronts Violence Within Military Ranks

Every able-bodied South Korean male between 18 and 35 must serve for 21 to 36 months in the country’s armed forces, depending upon the specific branch. For many, service is a rite of passage to manhood. But there are growing concerns that bullying and violence come along with the tradition. Reporter Jason Strother has more from Seoul.
Video

Video North Carolina Emerges as Key Election Battleground

U.S. congressional midterm elections will be held on November 4th and most political analysts give Republicans an excellent chance to win a majority in the U.S. Senate, which Democrats now control. So what are the issues driving voters in this congressional election year? VOA National Correspondent Jim Malone traveled to North Carolina, one of the most politically competitive states in the country, to find out.
Video

Video Comanche People Maintain Pride in Their Heritage

The Comanche (Indian nation) once were called the “Lords of the Plains,” with an empire that included half the land area of current day Texas, large parts of Oklahoma, New Mexico, Kansas and Colorado.The fierceness and battle prowess of these warriors on horseback delayed the settlement of most of West Texas for four decades. VOA’s Greg Flakus reports from Lawton, Oklahoma, that while their warrior days are over, the 15,000 members of the Comanche Nation remain a proud people.
Video

Video Turkey Campus Attacks Raise Islamic Radicalization Fears

Concerns are growing in Turkey of Islamic radicalization at some universities, after clashes between supporters of the jihadist group Islamic State (IS) or ISIS, and those opposed to the extremists. Pro-jihadist literature is on sale openly on the streets of Istanbul. Critics accuse the government of turning a blind eye to radicalism at home, while Kurds accuse the president of supporting IS - a charge strongly denied. Henry Ridgwell reports from London.

All About America

AppleAndroid