Thursday, December 30, 2010
Third-Class Politicians Only Provide the Third-Rate Policy-III
Japan’s gross domestic product (GDP) dropped at an annual pace of 12.7% in the fourth quarter (October-December) 2008. For Japan, it is the worst economic performance since the oil shock of 1974. The financial meltdown center – the United States – only declined of 3.8 % and 6.0% in the euro zone. In the front of the Japanese media, Economy Minister Yosano Kaoru states, “This is the worst crisis in the postwar ear. There is no doubt about it (TBS News).” Really? When the Wall Street was chaotic in last fall, Minister Yosano stated openly that the American financial meltdown will affect Japanese economy “as if Japan were stung by a bee.” Well, a small bee gave a huge bit to Japanese economy. During the weekend meeting of G7 (February 13-14), Finance Minister Nakagawa Shoichi (later, he was forced to resign from the post) gave an extremely weird interview that had broadcasted around global media as if he were drunk. While millions of people are trying to feed their families daily, the Japanese politicians do not have any urgency to face the financial chaos because they are not looking for jobs. How can the Japanese economy get better before getting worst if these irresponsible politicians are still staying in power?