Posted on 07/01/2006 5:06:29 AM PDT by Plymouth Sentinel
TOKYO, Japan (Reuters) -- Former Japanese prime minister Ryutaro Hashimoto, an outspoken politician who jousted with U.S. officials over the auto trade and brought "Big Bang" financial reforms to Tokyo, died on Saturday at the age of 68. Hashimoto, who retired from politics last September citing poor health, had undergone surgery to remove a large part of his intestine after being rushed to hospital on June 4, his son told a news conference. He died in a Tokyo hospital. Hailed as a forceful leader who would tackle reform when he took office in 1996, Hashimoto ultimately faltered in the face of financial crisis, political scandals and economic stagnation.
(Excerpt) Read more at cnn.com ...
bttt
Is he the leader who brought a ten year recession to Japan?
Isn't Ryutaro Hashimoto the one that made it a national policy in Japan to worship and honor the war criminals' memorials of WW2 in Yasukuni Shinto shrine as national heros?
Ah, never mind, yes it was him.
http://www.freerepublic.com/focus/f-backroom/1521072/posts
Unit 731 - Research and Bump List. Gets Disturbing, Read at Your Own Risk
Excerpt:
In July 1996, on Japan's "Day of Armistice", known as the "Day of Surrender", the Japanese Royal Family and Prime Minister Hashimoto went to the Yasukuni Shrine to pay official tribute there. In doing so, they effectively bestowed the status of "National Heroes" upon more than 1,000 convicted War Criminals.
No doubt our media will be revering and honoring this man.
No.
Fiscal policy is not the culprit in the case of Japan's macroeconomic sluggishness.
Adam Posen of the Institute for International Economics in Washington wrote lucidly that the Japanese financial crisis evolved over decades, a series of long-drawn-out deregulatory steps combined with regulatory permissiveness, overreliance on banking as the principle source of corporate finance, a main banking system where substitute sources of corporate finance were largely unavailable, and material desire to avoid bankruptcy among clients. This feedback ‘loop’ amplified the cycle between asset price declines, lending contraction, and accumulation of bad loans.
I'm doing monetary policy work on asset bubbling and preemptive policy, and so am interested in the Japanese conundrum.
This is extraordinary, and I have to admit to no knowledge of these types of atrocities.
I have read a good deal, and will continue to do so.
I cannot speak to the motives of politicians nor of the Japanese royals. I am appalled, surely.
Even so, it would be my hope that the windblown politician had been required to go by the inbred half sane royals.
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