Japanese Prime Minister Yasuo Fukuda abruptly announced his resignation Monday, less than a year after taking office. Japanese shares fell Tuesday as investors reacted negatively to a looming political stalemate in the wake of Prime Minister Yasuo Fukuda's surprise resignation.
However, economists said the resignation's actual effect on
Japan is in a very difficult situation right now. In two weeks a new prime minister will be elected and Japan's fate will depend on what kind of policies he will implement.
1 comment:
Having lived in Japan I think I have a unique perspective on the topic.
I remember flying on the plane to Japan and talking with a Japanese man about Abe's (recent at the time) resignation. He was not really doing that bad in office, his approval ratings weren't that low. It was the politics of the situation. He could not take the heat of the opposition party, which at the time was rising power in decades.
I don't think that your statement stating that Japan was in a very difficult situation is exactly accurate. From your perspective it would seem that way. It's not like they have a Vice-President to take over things immediately.
However,
from my experience living in Japan with no Prime Minister at the moment the Japanese people are an orderly people, and the lack of any form of government would not even cause them grow restless, much-less chaotic. Everything from the schools to the economy will remain normal.
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