Tagged: Japan

Further action on the yen?

Japanese Prime Minister Naoto Kan has warned he is ready to intervene again on the yen saying such action would be unavoidable “if there is a drastic change in the currency.” International Relations professor William Grimes is Director of the Center for the Study of Asia and a specialist in Japanese and East Asian political […]

Japan’s ruling party calls for austerity

The newly elected Japanese ruling Democratic Party led by Prime Minister Naoto Kan (l.) has¬†pledged to rein that nation’s huge debt, the world’s largest, calling for drastic tax reform including a hiking the sales tax.¬† Public opinion polls show Japanese citizens prepared for tax increases and budget cuts if they can reduce the risk of […]