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Tuesday, August 23, 2011

Japanese PM Kan is out on August 30, 2011!!!

Jeez. It's about time! Zero Hedge is reporting that, according to Reuters,  Japanese Prime Minister Naoto Kan will step down on the 30th!


Zero Hedge reports:



Japanese Prime Minister Naoto Kan told his cabinet ministers on Tuesday that they are likely to resign on Aug. 30, Japanese Economics Minister Kaoru Yosano said on Tuesday.

The unpopular prime minister's comments effectively confirmed his intention to resign in coming days, clearing the way for Japan to select its sixth prime minister since Junichiro Koizumi ended a rare five-year term in 2006.

The ruling Democratic Party of Japan is planning to pick a new leader on Aug. 29, setting the stage for parliamentary confirmation of a new premier and the selection of a new cabinet.

Yosano also told a news conference that the government needs to devise steps to cope with the negative effects of the yen rise in the coming third supplementary budget for this fiscal year.

It's good news and bad... If history is any example, the next guy will be just as much of an idiot too.
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4 comments:

  1. JimboAugust 23, 2011 at 11:23 AM

    If only our idiots came and went as quickly.

    ReplyDelete
  2. ZanchitoAugust 23, 2011 at 3:17 PM

    ¿Are you ready to welcome your new overlord?

    ReplyDelete
  3. AnonymousAugust 23, 2011 at 8:01 PM

    Jimbo, you need to specify "ours". In a 24/7, 360-degree, no-borders-international internet thingy, you can't assume people know what you're talking about. It's like, in space, which way is "up"?

    ReplyDelete
  4. JimboAugust 24, 2011 at 11:57 AM

    Marc, does it really matter? Every country has got some idiot or group of idiots in charge. It is something all people of the world have in common. But more specifically, the "our" was referring to Mike and myself, so, Americans.

    ReplyDelete

Comments must be succinct & relevant to the story. Comments are checked frequently and abusive, rude or profane comments will be deleted. I’m just one of many bloggers who answer questions online and sometimes for the press. I usually handle questions about Japan, marketing or the economy, so in those areas I’m more likely to make sense and less likely to say something really stupid. If I post something here that you find helpful or interesting, that’s wonderful. This is my personal blog. If you don't like what you have read here then, just like when you go into a restaurant or bar that allows smoking, if you don't like it, there's something at the front that has hinges on it and it is called a "door."