Japan had 14 PMs in the last two decades and three in the last 12 months. Liberal Democratic Party governed for most of 50 years until the Democratic Party of Japan broke the hold in August 2009.
The first priority before the P.M is economy. Although constrained by a public debt approaching 100 per cent of its Gross Domestic Product and a fiscal deficit hovering around 10 per cent of G.D.P, Japan needs to do more to stimulate domestic demand – to deal with the immediate emergency and diminish its dependence on exports as an economic engine. This requires maintaining fiscal stimulus. It also requires a longer-term strategy that encourages spending by households.
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