Latest News:  

English>>World

Japan's opposition party chief criticizes Abe's economic policies

(Xinhua)

19:55, May 29, 2013

TOKYO, May 29 (Xinhua) -- Chief of the Japanese main opposition Democratic Party of Japan (DPJ) Banri Kaieda on Wednesday criticized the current economic policies carried out by Prime Minister Shinzo Abe.

Speaking at a press conference at Foreign Correspondents' Club of Japan, Kaieda said the so-called "abenomics" seemingly runs well but contains a lot of risks.

He said the continuously falling yen that triggered by Abe's bold monetary easing has made prices of imported goods rise and led to more costs in people's daily life.

The pressure were also found in small-sized enterprises, said the ex-minister who took charge of economic and industrial affairs under the DPJ-led government that was ousted by Abe's Liberal Democratic Party in general election held last December.

He said that the rising government bond's long-term interest rate, which has hit 1 percent, and the bond's falling prices are the most dangerous trend that may put more burdens on the debt- ridden Japanese government.

The DPJ leader said that he is trying to revise the party's platform to better unify his party for the upcoming election of the upper house, in which the DPJ now remains the largest party.

We recommend:

AN-2 plane crashes in Jalal-Abad region, Kyrgyzstan

Graduation ceremonies of West Point held in New York

People mourn over British fallen soldier in London

'Abused' dolls displayed in Israel

City lit up during Vivid Sydney

Jewish wedding ceremony held in Jerusalem

Email|Print|Comments(Editor:WangXin、Wang Jinxue)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. North Sea Fleet conducts training

  2. South Sea Fleet in real-combat drills

  3. Biggest drug seizure accomplished in Panama

  4. Modern movie dream in retro Mingguo street

  5. Fur keeps flying over dogs' rescue

  6. Overgrown waterweeds cleared at Haihe Rive

  7. Hot football teams cheerleaders

  8. Promoting tourism in Beijing

  9. China to cut Swiss watch import duties

  10. Experts call for break-up of SOE monopoly

Most Popular

Opinions

  1. Hot money behind rising yuan
  2. E.U. should learn from Switzerland and Germany
  3. Mutual trust essential for China-U.S. relations
  4. Turning-on-red rule is dangerous for pedestrians
  5. Boy's graffiti signals lack of values at home
  6. Sino-Indian diplomatic miracle embarrasses Japan
  7. U.S. dollar could weaken most Asian currencies
  8. Apple's tax dodge smacks of abuse
  9. Chinese premier's Swiss tour fruitful, influential
  10. China-Switzerland FTA to benefit both sides

What’s happening in China

Modern movie dream in retro Mingguo street

  1. Lady suffers shock, dies during spa
  2. Man arrested for Kunming-Beijing flight bomb hoax
  3. Beijing to unveil flood warning plan
  4. Wedding banquets go smoke-free
  5. Xinjiang official decries extremism