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  • Naoto Kan

    Japan’s Green Initiative Drowns in Oil

    The government picking winners and losers is bad for any economy. But it also often leads to the opposite of the intended result. Take a look at Japan. Last week, an expert committee from Japan’s Ministry of Economy, Trade, and Industry announced its plan to reduce the price of solar … More

    Foreign Minister's Resignation Compounds Japanese Leadership Vacuum

    Japanese Foreign Minister Seiji Maehara was forced to resign on March 6 following the disclosure that he had received donations from a foreigner, a violation of Japanese election law. He admitted that he had received approximately $3,000 over a six-year period. Maehara’s resignation was surprising not only for its abruptness … More

    Japan’s Pragmatic Cabinet Shuffle

    Japanese Prime Minister Naoto Kan survived a leadership challenge from a kingmaker in his own Democratic Party of Japan (DPJ), Ichiro Ozawa, and last Friday he reshuffled his cabinet. Foreign Minister Katsuya Okada was named the party’s secretary-general and number two to Kan. Okada leaves the foreign minister’s desk stacked … More

    Japan Leads the Way Down a Dark Hole

    Japan’s newly minted finance minister, Naoto Kan, seems an excellent choice to lead Japan on an expedited road to fiscal perdition. For those who argue the best way to deal with the coming financial crisis is to precipitate it quickly, Mr. Kan’s choice should be particularly welcome. The governments of … More