20090916

So Far So Good!

Japan’s New Prime Minister Takes Office, Ending an Era - NYTimes.com: "Mr. Hatoyama has promised to reverse Japan’s long economic decline by boosting social benefits and aligning policies more closely with public needs, rather than those of big business. He has also spoken of redefining Japan’s relationship with the United States, its closest ally."

However, Hatoyama tapped a Liberal Democrat, Shizuka Kamei, a "vocal critic of pro-market reforms" for a position involving banking and finance. Hatoyama is also against globalization which just might have to do with the rise of China, an age old rival.

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