The Japanese government may suffer fiscal collapse in 10 to 15 years if the ruling Democratic Party of Japan maintains its expansionary spending policy, said Takao Komine , a professor at Hosei University and former bureaucrat.
Nissan Motor Co. Chief Executive Officer Carlos Ghosn received 891 million yen or $9.5 million in salary and stock options after the maker of Altima and Versa sedans returned to profit last fiscal year.
Takayoshi Igarashi has spent much of his career railing against Japan’s public-works spending culture. Now, he’s advocating what could become the nation’s biggest investment in urban planning in decades.
Yoshihiro Murai, governor of Miyagi, the prefecture that was the ground zero of the March 11 earthquake and tsunami, stands before a gathering in Tokyo of 300 representatives of Japan’s biggest companies and community organizations.
Naoto Kan ’s appointment as Japan’s prime minister will ease investor anxiety over the world’s largest public debt and boost stocks, said Naoki Kamiyama , Deutsche Bank AG’S chief equity strategist in Tokyo.
Yukio Hatoyama ’s resignation has added to Japan’s political instability, blunting the appeal of equities at their cheapest in 17 months, fund managers at ING Investment Management and AMP Capital Investors Ltd. said.
Naoto Kan , the front-runner to become Japan’s prime minister, has begun leading a drive to contain the world’s largest public debt just months after warning it would be a “challenge” to maintain fiscal discipline this year.