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| "Let''s devalue the Yen and spend the hell out of it" |
Japan’s ruling party picked hardline conservative Sanae Takaichi as its head on Saturday, putting her on course to become the country’s first female prime minister in a move set to jolt investors and neighbors. ...
Takaichi, who says her hero is Margaret Thatcher, Britain’s first female prime minister, offers a starker vision for change than Koizumi and is potentially more disruptive.
An advocate of late premier Shinzo Abe’s “Abenomics” strategy to boost the economy with aggressive spending and easy monetary policy, she has previously criticized the Bank of Japan’s interest rate increases. ...
It's obviously the nationalism, anti-globalism, and possible militarism which really bother the writer from Reuters:
... But her nationalistic positions — such as her regular visits to the Yasukuni shrine to Japan’s war dead, viewed by some Asian countries as a symbol of its past militarism — may rile neighbors like South Korea and China. ...
Takaichi also favors revising Japan’s pacifist postwar constitution and suggested this year that Japan could form a “quasi-security alliance” with Taiwan, the democratically governed island claimed by China. ...
“We hope she will ... steer Japanese politics in an ‘anti-globalism’ direction to protect national interests and help the people regain prosperity and hope,” Sanseito said in a statement.
If Japan really wanted to scare the world, maybe it could peg the Yen to the price of plutonium, the vast majority of which in the world it owns, and start aggressively selling it to the highest bidders.
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| "That will teach them" |
