国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Opinion / Op-Ed Contributors

Old problems persist despite new poll

By Cai Hong (China Daily) Updated: 2014-12-09 08:50

Japanese voters' weariness of the whole shebang is understandable. They have been called to the polling stations three times in two years - the general election in December 2012, the Upper House election in July 2013 and gubernatorial elections throughout 2013.

Now, with a general election six days away, the latest opinion polls suggest that the LDP and its junior coalition partner Komeito may garner around 300 seats, or super-majority in the lower house.

So a second landslide win for the LDP seems on the way. But that is unlikely to settle the uncertainty that now surrounds Japan's economy.

Japan's national debt already exceeds 1 quadrillion yen ($8.47 trillion), more than double the country's GDP.

Moody's downgraded Japan a single notch on Dec 1, putting Japan below China and South Korea, and on a par with Bermuda, Oman and Estonia. The rating agency feared Abe's decision last month to push back a second scheduled increase in the sales tax could jeopardize deficit reduction targets.

Abe has promised to raise the sales tax from 8 percent to 10 percent in April 2017. He has also pledged to return the government's primary balance to a surplus by 2020, but without offering any detailed plans.

Abe blamed the first tax increase from 5 percent to 8 percent, which became effective in April, for tipping Japan into a technical recession threatening his across-the-board efforts to haul the economy out of low growth and deflation.

But an 18-month delay in the second tax increase - originally scheduled for October 2015 - has raised doubts about Japan's capability to build its fiscal health.

Morgan Stanley said in its new economic outlook that Japan could fall into "stagflation", a combination of stalled growth and rising prices, if Abe's pro-growth push fails.

Abe has sought a new mandate on his economic policies by calling the snap election. But he has yet to offer greater clarity on where his priorities lie.

An awkward political situation may come out of the extreme weakness of opposition parties and indifference of voters in Japan: a landslide win for an unpopular prime minister with an unpopular platform.

The author is China Daily's Tokyo Bureau Chief. caihong@chinadaily.com.cn

Previous Page 1 2 Next Page

Considering money as the end is the tragedy
...
景德镇市| 吉水县| 和静县| 台中县| 思南县| 正阳县| 徐水县| 稻城县| 木兰县| 雅安市| 濉溪县| 藁城市| 资兴市| 元江| 湖南省| 吴川市| 元朗区| 武穴市| 化德县| 孟州市| 临洮县| 龙泉市| 江北区| 葵青区| 北宁市| 临朐县| 夹江县| 平安县| 内丘县| 柳河县| 永春县| 竹溪县| 大理市| 斗六市| 察哈| 扎兰屯市| 南阳市| 浠水县| 西峡县| 沂源县| 龙南县|