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Fukuda Cabinet E-mail Magazine No.26 (April 10, 2008)
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"Contorted Diet. This is Yasuo Fukuda."
-- Message from the Prime Minister (Provisional Translation)
Contorted Diet. This is Yasuo Fukuda.
Yesterday, Mr. Masaaki Shirakawa assumed the office of Governor
of the Bank of Japan, a post that had been vacant for some time.
Mr. Shirakawa, who was appointed a Deputy Governor of the Bank
of Japan last month, had been serving as the acting Governor.
As a first-rate individual who has spent his entire career with
the Bank of Japan, he enjoys the strong confidence of the financial
community and the markets.
Immediately following his appointment, Mr. Shirakawa will be
attending a G7 meeting of Finance Ministers and Central Bank
Governors in Washington, D.C. from tomorrow. I trust that
as the head of the Bank of Japan he will make a substantial
contribution to the discussions as to how the nations involved will
cooperate in dealing with various issues, including the sub-prime
loan problem.
Meanwhile, the Government's proposal to appoint
Mr. Hiroshi Watanabe as the successor to Mr. Shirakawa as a Deputy
Governor of the Bank of Japan has not been met with the consent of
the House of Councillors, which is controlled by the Democratic
Party of Japan (DPJ).
Mr. Watanabe previously served for three years as the Vice Minister
of Finance for International Affairs, during which time he oversaw
Japan's concerted efforts alongside other countries to ensure
the development of the world economy and the stabilization
of the financial markets. He is the right candidate to become
a Deputy Governor of the Bank of Japan -- an individual with a long
track record in departments concerned with international finance,
as well as a wealth of insight and a broad international network
of personal connections.
Apparently, the DPJ decided against approving Mr. Watanabe
on the ground that he comes from the Ministry of Finance.
The most important thing should not be where he has pursued
his career, but rather whether or not he is qualified to be
a Deputy Governor of the Bank of Japan. I suppose that
the DPJ's decision surprised markets all over the world, once again.
Take the members of the Diet for example. There are plenty of
former civil servants among them who are now demonstrating their
abilities as Diet members. This must surely be the result of voters
having not only assessed the candidates' personal histories, but
also having decided that these candidates were in fact well suited
to serve as their representatives.
Whether it be a Diet member or a central bank official, we should
not waver from selecting a person responsible for the people's
lives on the basis of actual qualities and abilities: I do not
accept that a person's suitability should ever be determined merely
by personal history.
Yesterday afternoon, during the party leaders' debate at the Diet,
I asked DPJ President Ichiro Ozawa about this matter and his true
intentions, but he just kept repeating his reason for rejecting
Mr. Watanabe: the DPJ cannot accept anyone from the Ministry of
Finance.
At present, the DPJ is the leading party in the House of
Councillors. Accordingly, the DPJ is also responsible
for the people's lives as the decision-maker in the House of
Councillors.
In the deliberations on the new anti-terrorism special measures law,
the DPJ did not make their decision in the House of Councillors
for about two months. Moreover, as of the middle of April,
no conclusion has been reached on the revenue bill for this fiscal
year that includes the stipulation on revenue sources for roads,
the deliberations of which had been withheld in the House of
Councillors for over a month.
What we see now is politics being dragged out as long as possible
so that nothing is decided, and the politics of nothing but vetoing.
To continue political conflict taking into account only
the short-term political situation while remaining indifferent
to the people's interest is just an abuse of the power that comes
from being the leading party in the House of Councillors.
From the viewpoint of the people, this contorted situation in which
the ruling coalition commands a majority in the House of
Representatives while the opposition parties have control
of the House of Councillors is no good reason in and of itself
for the creation of a political logjam.
I am prepared to hold discussions with the opposition parties
on any issue, and I will earnestly continue to make my utmost
efforts under the current Diet situation, so that we will be able
to reach a conclusion that is in the people's best interest.
* Profile of the Prime Minister
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[What's New in Government Internet TV]
- Prime Minister's Week in Review (March 24 to 30, 2008)
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- Global Warming is Clearly Visible! A Report from the Earth
Simulator
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* Please click below to open the new "Japanese Government Internet
TV" in English.
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[What's up around the Prime Minister]
- Party Leaders' Debate at the Diet (April 9, 2008) and others
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science and technology, among other topics.
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General Editor | : | Prime Minister Yasuo Fukuda |
Chief Editor | : | Deputy Chief Cabinet Secretary Matushige Oono |
Publication | : | Cabinet Public Relations Office 1-6-1 Nagata-cho, Chiyoda-ku, Tokyo 100-8968, Japan |