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

Video Obama to Send 3,000 Troops to Liberia in Ebola Fight

At Centers for Disease Control and Prevention, President says US will take leadership role for a global response to deadly Ebola virus that is ravaging West Africa More

Video China Muslims Work to Change Perceptions After Knife Attacks

Muslims in Kunming say that they condemn the violence, it is not a reflection of the true beliefs of their faith More

Humanitarian Aid, Equipment Blocked in Cameroon

Move is seen as a developing supply crisis in West 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.
NASA Picks Boeing, SpaceX to Carry Astronauts Into Spacei
X
September 17, 2014 4:20 AM
The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video NASA Picks Boeing, SpaceX to Carry Astronauts Into Space

The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video Future of Ukrainian Former President's Estate Uncertain

More than six months after Ukraine's former President Viktor Yanukovych fled revolution to Russia, authorities have yet to gain control of his palatial estate. Protesters occupy the grounds and opened it to tourists but they are also refusing to turn it over to the state. VOA's Daniel Schearf reports from Mezhigirya, just north of Kyiv.
Video

Video China Muslims Work to Change Perceptions After Knife Attacks

China says its has sentenced three men to death and one woman to life in prison for a deadly knife attack in March that left more than 30 dead and 140 injured. Beijing says Muslim militants from China's restive western region of Xinjiang carried out the attacks. Now, more than six months after the incident, residents in the city are still coping with the aftermath. VOA's Bill Ide has more from Kunming.
Video

Video Enviropreneur Seeks to Save the Environment, Empower the Community

Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video West Trades Accusations Over Ransoms

As world leaders try to forge a common response to the threat posed by Islamic State militants in Iraq and Syria, there is simmering tension over differing policies on paying ransoms. In the past month, the jihadist group has beheaded two Americans and one Briton. Both countries refuse to pay ransom money. As Henry Ridgwell reports for VOA from London, there is uncertainty in the approach of some other European nations.
Video

Video Scotland Independence Bid Stokes Global Interest

The people of Scotland are preparing to vote on whether to become independent and break away from the rest of Britain, in a referendum being watched carefully in many other countries. Some see it as a risky experiment; while others hope a successful vote for independence might energize their own separatist demands. Foreign immigrants to Scotland have a front row seat for the vote. VOA’s Henry Ridgwell spoke to some of them in Edinburgh.
Video

Video Washington DC Mural Artists Help Beautify City

Like many cities, Washington has a graffiti problem. Buildings and homes, especially in low-income neighborhoods, are often targets of illegal artwork. But as we hear from VOA’s Julie Taboh, officials in the nation's capital have come up with an innovative program that uses the talents of local artists to beautify the city.
Video

Video US Muslim Leaders Condemn Islamic State

Leaders of America's Muslim community are condemning the violent extremism of the Islamic State group in Iraq and Syria. The U.S. Muslim leaders say militants are exploiting their faith in a failed effort to justify violent extremism. VOA correspondent Meredith Buel reports.
Video

Video Bedouin Woman Runs Successful Business in Palestinian City

A Bedouin woman is breaking social taboos by running a successful vacation resort in the Palestinian town of Jericho. Bedouins are a sub-group of Arabs known for their semi-nomadic lifestyle. Zlatica Hoke says the resort in the West Bank's Jordan Valley is a model of success for women in the region.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid