Nation's financial markets talk, and Tokyo listens, finally: restless investors force a sea of change in politicians' response to economic and political reform

Article Abstract:

International investors are forcing economic and political change in Japan via the country's financial markets. Investors are signaling their confidence in the Japanese economy through the financial markets, forcing many Japanese politicians to use the market as a barometer of their policies and candidates. Japan has long neglected the market's power in forcing political and economic change, preferring to tame the market by regularly propping up the economy with government funds. But with the Japanese economy in disarray due to the pullout of investors, Japan's political system is heeding the call of the market, formulating aggressive economic rescue policies.

Politics NEC, Political activity, Financial markets, Investors, Politics

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Tokyo's pact with Pyongyang startles allies as LDP politicians push agenda

Article Abstract:

Critics charge that a recent agreement between several Japanese politicians and the North Korean government to hold talks on the restoration of diplomatic relations is an attempt by the Liberal Democratic Party to gain additional political mileage. Although Japanese officials stress that they will continue to coordinate with the US and South Korea, many have noted that the Japanese effort is not in line with its two allies, who are both trying to pressure North Korea into complying with the provisions of the nuclear agreement it signed in Geneva last Oct. 1994.

Japanese foreign relations, International relations, North Korea, North Korean foreign relations, Korea, North

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