Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Investing Simplified
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Nader Mousavizadeh
Lucy P. Marcus
Nicholas Wapshott
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Reihan Salam
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Full Focus
Photos of the week
Our best photos from the past week. Slideshow
Download our Wider Image iPad app
Images of September
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Sandy menaces U.S. coast, closing schools, markets, businesses
|
2:56am EDT
Evacuations, shutdowns on East Coast before storm
|
28 Oct 2012
Analysis: U.S. presidential race is all about Ohio - or is it?
1:21am EDT
Hurricane Sandy blows U.S. election off course
28 Oct 2012
Stock markets closed as storm hobbles New York
1:27am EDT
Discussed
538
White House told of militant claim two hours after Libya attack: emails
158
After final debate, Obama says election comes down to trust
131
Trump to give $5 million to charity if Obama releases records
Sponsored Links
Japan PM signals election can wait, defies opposition
Tweet
Share this
Email
Print
Related News
Japan justice minister quits after "mob ties" scandal
Tue, Oct 23 2012
BOJ stands pat, keeps powder dry as recession risk looms
Fri, Oct 5 2012
Analysis & Opinion
Is a revolution in economic thinking under way?
Japan exporters should fear slowdown, not boycott
Related Topics
World »
Investing Simplified »
Japan »
Japan's Prime Minister Yoshihiko Noda delivers a speech at the opening reception for the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Tokyo October 12, 2012.
Credit: Reuters/Franck Robichon/Pool
By Tetsushi Kajimoto
TOKYO |
Mon Oct 29, 2012 1:14am EDT
TOKYO (Reuters) - Japanese Prime Minister Yoshihiko Noda made clear on Monday he is in no rush to go to the polls, speaking of unfinished business and the risk of a "political vacuum" in a speech likely to anger the opposition, which has been urging him to keep a promise to call an election soon.
Speaking on the eve of a review of monetary policy by the Bank of Japan, Noda also vowed to work with the central bank more closely to support the economy, repeating wording the government has used in the past to pressure the central bank.
Noda's cabinet approved a $5.3 billion fiscal stimulus plan last week that economists said was too small to have much impact, and piled more pressure on the BOJ, which is expected to boost its monetary stimulus steps at Tuesday's meeting.
Noda's policy speech came at the opening of an extra parliament session called to work primarily on a bill needed to fund a 38.3 trillion yen ($474 billion) budget deficit. There are no signs of it gaining backing from the opposition.
"In order to fulfill my 'responsibility for tomorrow', I cannot abandon jobs halfway to their completion," Noda told the lower house. "We shouldn't create at will a political vacuum that would cause policies to stall."
Noda promised in August to call an election "soon" in order to secure opposition votes for another key piece of legislation - his signature sales tax increase plan designed to shore up state finances saddled by swelling social security costs.
But he has been coy on exactly when he will call the election for the lower house, which must be held by August next year, and analysts believe he is unlikely to do so in the near future given poor ratings in opinion polls for his ruling Democratic Party.
In a sign of the opposition's deepening frustration, the upper house, which it controls, has refused to hold a session on Noda's speech following a non-binding censure motion against him passed by the chamber in the last parliament session.
The current session is due to last until November 30, and unless Noda wins opposition backing for the deficit bill the government may run out of money by the end of next month.
That could trigger a "fiscal cliff" of draconian spending cuts and push the economy back into recession. The prospect has drawn close scrutiny from ratings agencies Moody's Investors Service and Standard & Poor's.
"No government can manage the current public finances without the bill," Noda said, appealing for opposition support.
"If the situation is left as it is, administrative services could stall, which would seriously affect people's livelihoods and thwart efforts to revive the economy."
In the speech, largely summarising government policy, Noda vowed to tackle deflation and the yen's excessive strength, which is hurting the export-reliant country.
He also reiterated his resolve to protect Japanese territory and waters, an apparent reference to recent rows with China and South Korea over separate groups of disputed islets.
"Concluding relationships of trust with surrounding countries such as China, South Korea and Russia, with a comprehensive view, strengthens the foundations on which Japan and the whole region enjoy peace and prosperity," Noda said.
"It is one of the grave responsibilities a country has to fulfill."
Noda said he would promote free trade deals such as the U.S.-led Trans-Pacific Partnership and others including one involving Japan, China and South Korea, with the aim of realising Free Trade Area of the Asia-Pacific, while protecting national interests.
He also reiterated the government's vague promise to try to ditch nuclear power in the 2030s while promoting green energy, following the radiation crisis at the Fukushima nuclear plant triggered by last year's massive earthquake and tsunami. ($1 = 80.1650 Japanese yen)
(Editing by Tomasz Janowski and Michael Watson)
World
Investing Simplified
Japan
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.