Monday, August 31, 2009

Changes in Japan's Government

Changes in Japan's Government, may lead to changes in their economic system.

3 comments:

Alexandra said...

I wonder if the country will be successful with all the changes that are happening. How are they going to affect the people of Japan? Will they have to sacrifice a lot? I have a feeling that President Obama is going to be close friends with Japan's new leader. I wonder how closely related the United States and Japan's government will be.

David Khoo said...

Hopefully this change will lead to better things for Japan and the Japanese. This is a good example of representative democracy working - the Japanese, dissatisfied with the government, vote for change. Moreover, it is also good to see more bipartisanship in the government. In many ways, the US and Japan for example, the economy was a major issue for voters.

MASA said...

I believe DPJ can give some significance for Japan since it's only the 2nd time for political party other than LDP to manage the government since 1945.

LDP tries to boost the economy by thorougly examining Japan's annual budget ($2.1 trillion) and subsidizing households such as paying $3,000 per year for families which have children under 15 yrs old, guarantee at least $700 a month for pension system, and decreases corporate taxes according to their manifesto.
http://www.dpj.or.jp/english/manifesto/manifesto2009.pdf

Actually, I do not believe DPJ can achieve all of these since Japan makes around $300 billion deficits per year! I want to see how they manage the budget. But overall, I am happy and agree with David that we (Japanese) can "try" DPJ instead of LDP to see how they will do.