One day after that big day, the Bank of Japan finally but unexpectedly intervened in the foreign exchange market to stem the soaring Yen, as if PM Kan tried to dispel the impression that he has a lack of leadership. Some experts project that this intervention has temporarily worked, but the super strong Yen will continue since many developed countries struggling with the recession want to accept the super strong Yen in order to climb out of the recession.
Friday, September 17, 2010
No more power games!!
Our Prime Minister, Naoto Kan,/菅直人, managed to survive the political fuss created by a power-broker named Ichiro Ozawa /小沢一郎 and averted another disaster: the change of our PM in three months (click here). PM Kan prevailed because he was greatly supported by the public opinion that the frequent change of our PM doesn't make sense. The public really wants our government to spend time reforming our ailing economy, wondering if the politicians understand how fiercely people are struggling to get through life, even though the cabinet members insist that they've realized that Japan is in a critical situation.
One day after that big day, the Bank of Japan finally but unexpectedly intervened in the foreign exchange market to stem the soaring Yen, as if PM Kan tried to dispel the impression that he has a lack of leadership. Some experts project that this intervention has temporarily worked, but the super strong Yen will continue since many developed countries struggling with the recession want to accept the super strong Yen in order to climb out of the recession.
Now, PM Kan is selecting new cabinet members.I hope that all of the politicians will be able to cooperate closely with one another in order to overcome this crisis.
These days, many things make us feel gloomy. Precisely because of that, I always try to fully enjoy my life.
One day after that big day, the Bank of Japan finally but unexpectedly intervened in the foreign exchange market to stem the soaring Yen, as if PM Kan tried to dispel the impression that he has a lack of leadership. Some experts project that this intervention has temporarily worked, but the super strong Yen will continue since many developed countries struggling with the recession want to accept the super strong Yen in order to climb out of the recession.
