Seijigiri #41: The Budget is Passed, and Fukuda is Feeling the Pressure

Filed under: Seijigiri Releases, Trans-Pacific Radio
Posted by Seijigiri at 11:53 pm on Monday, March 3, 2008

This edition of Seijigiri is a day late, but hopefully less than a dollar short (what’s the dollar worth now anyway?)

Co-hosts Garrett DeOrio and Ken Worsley begin with a brief discussion on Friday’s passing of the national budget by the lower house, which guarantees that it will be set to go into effect when the new fiscal year starts in April.

From there, the discussion moves to focus on Prime Minister Yasuo Fukuda, and the reasons why his approval ratings are dropping (as well as why his disapproval ratings are falling). Like his predecessor, Shinzo Abe, Fukuda took the helm during an extraordinary Diet session and seems to have run into trouble early in his first regular session. With the public unhappy over his administration’s response to the poison gyoza scandal, the sinking of a fishing vessel by an MSDF destroyer, and political gridlock arising from the opposition’s control of the upper house, our hosts ponder how Fukuda could survive, and what pressures he’s going to encounter in the runup to this summer’s G-8 conference in Hokkaido.

Listen Now:


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7 Comments »

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Comment by theanphibian

March 4, 2008 @ 9:18 am

I like the recorded seijigiri the best of the categories. I also really like bizcast.

I can talk so intelligently about Japan politics with so little work on my own part.

Comment by Ken Worsley

March 4, 2008 @ 10:38 am

Thanks Anphibian! It’s interesting to note that both the LDP and the DPJ are losing points in approval ratings:

http://www.bloomberg.com/apps/news?pid=20601101&sid=aYvmaBhUd8u0

Comment by Turner

March 4, 2008 @ 7:36 pm

103.09 yen/dollar and falling…

Comment by Ken Worsley

March 4, 2008 @ 10:44 pm

Turner, yeah - but there shouldn’t be any surprise, no matter what ‘alarm’ Tokyo expresses over the ‘gain’ of the yen.

Check out the top chart here.

As the Nikkei declines, the yen strengthens. When the Nikkei goes up, the yen gets sold.

If policymakers in Tokyo were really worried about the supposed ’strength’ of the yen, they would be talking about reasons why their stock market has been tanking since last summer.

Comment by Eric

March 5, 2008 @ 4:17 am

I just wanted to tell you guys how awesome your shows are. I started listening in January, but so far they’re really useful for keeping current on Japanese politics. It’s nice to be able to hear other people’s (well-informed) opinions about what’s going on. Keep up the good work!

Comment by Mark A

March 7, 2008 @ 12:02 pm

#41: Great show! Very focused and concise look at current (eternal) problems in the LDP and DPJ. When will Ozawa ever go? I don’t suppose there is anyone in the party strong enough to get him out. I also wonder what part of “opposition” is not included in the Japanese definition of the word.

Comment by Ken Worsley

March 7, 2008 @ 9:05 pm

Mark, thanks! When Ozawa went through his whole threatening to quit thing last year, it seemed as though party leadership was begging him to stay.

I don’t think he’s going anywhere until after the next Lower House election.

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