Japan urgently needs a worthy successor after Fukuda's resignation
The upper and lower houses of Diet (Japanese parliament) have been paralysed for around a year and the country is expected to see some stability only if Aso becomes Fukuda’s successor. Aso commands a popular support within Liberal Democratic Party (LDP) and is known for his straight talking. If he comes to power, things may change for better for LDP.
Having a strong person is the need of the hour not only for LDP but also for Japan. Indecisiveness in politics is something that Japan can’t bear anymore. The economy is feared to be galloping towards recession. The whole messed up issue of selection of governor for the Bank of Japan has dented the image of Japan. Other areas also need proper consideration. Japan's foreign policy needs people who can continue with the vocal presence that Koizumi had shown and people need reforms on the pension, health insurance and gas tax front. LDP has failed to deliver on every front and people's disappointment is evident now. This is bad for the party since the opposition, Democratic Party (DPJ) would now want to carry out elections as soon as possible. Things would be tough for whoever comes to power after Fukuda. He has to resolve all the conflict within LDP and also keep Japan outside the grip of recession.
The upper and lower houses of Diet (Japanese parliament) have been paralysed for around a year and the country is expected to see some stability only if Aso becomes Fukuda’s successor. Aso commands a popular support within Liberal Democratic Party (LDP) and is known for his straight talking. If he comes to power, things may change for better for LDP.
Having a strong person is the need of the hour not only for LDP but also for Japan. Indecisiveness in politics is something that Japan can’t bear anymore. The economy is feared to be galloping towards recession. The whole messed up issue of selection of governor for the Bank of Japan has dented the image of Japan. Other areas also need proper consideration. Japan's foreign policy needs people who can continue with the vocal presence that Koizumi had shown and people need reforms on the pension, health insurance and gas tax front. LDP has failed to deliver on every front and people's disappointment is evident now. This is bad for the party since the opposition, Democratic Party (DPJ) would now want to carry out elections as soon as possible. Things would be tough for whoever comes to power after Fukuda. He has to resolve all the conflict within LDP and also keep Japan outside the grip of recession.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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