Sunday, August 30, 2009

Conservatives Win Election in Japan; How Will the US Press Report?

Sunday's victory by the Democratic Party of Japan (DPJ) ends a half-century of almost unbroken rule by the Liberal Democratic Party (LDP) and breaks a deadlock in parliament, ushering in a government that has promised to focus spending on consumers, cut wasteful budget outlays and reduce the power of bureaucrats.

The political philosophy of the party is as follows:
The Democratic Party are against the current status quo and the governing establishment and finds that the bureaucracy of the Japanese government size is too large, inefficient, and saturated with cronies.

The Democratic Party wants to "overthrow the ancient regime locked in old thinking and vested interests, solve the problems at hand, and create a new, flexible, affluent society which values people's individuality and vitality."

The Democratic Party finds that a free market economic system is favorable for Japanese people's welfare. They represent "citizens, taxpayers and consumers," and see the government's role as limited to building the necessary system for self-reliant and independent individuals.
Financial markets are expected to welcome the end to a political deadlock that has stymied policies as Japan struggled with its worst recession since World War Two.



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