By S. Carpenter
This ebook contends that structural reforms, the basic 3rd arrow in Abe's 'Abenomics', won't occur. consequently, Abenomics is purely a mix of reckless financial coverage and ambiguous economic rules with the intention to fail to regenerate Japan's fragile financial system and minimize sovereign debt.
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Additional resources for Japan Inc. on the Brink: Institutional Corruption and Agency Failure
He also sought a review of the three principles that formally banned the export of weapons and advocated the relaxation of regulations to enable Japan to develop and produce weapons with the United States and other countries. Maehara referred to China as ‘a game changer’ and a nation trying to revise international affairs. Towards the end of Noda’s administration the government purchased the Senkaku Islands from the owner, a Japanese real estate developer. Abe’s political agenda There were major concerns among the electorate that Abe was not focusing his energy on economic recovery and his ‘third arrow’ of structural reforms but on establishing a solid ultra-conservative rightwing political landscape.
2 Aso continued his nationalist rhetoric at an ultra-conservative conference in Tokyo on July 29, 2013. He criticized the lack of support for revising Article 9, stating that the Japanese should follow the example of the Nazis who, in order to avoid protests, secretly revised the Weimar Constitution to the Nazi Constitution. Aso recommended that the Japanese should learn from these tactics. He also encouraged secret visits to Yasukuni Shrine in order to avoid diplomatic outbursts. He refused to apologize or resign from office but retracted his statement, blaming misinterpretation by Kyodo News the newspaper which reported the event.
A survey conducted by the Asahi Shimbun prior to the July 21, 2013 Upper House election revealed that 75 percent of the respondents favored constitutional revision, which was more than the twothirds majority needed to initiate a constitutional amendment. When respondents were asked if they also would favor passage of the revision with only a simple majority only 52 percent answered in the affirmative. Constitutional revisions can only be implemented when supported by two-thirds of Diet members followed by a national referendum.
Japan Inc. on the Brink: Institutional Corruption and Agency Failure by S. Carpenter