Basing on the shared vision that we announced in April, I would like to further cooperate and work in order to generate synergy effects between the policies of Japan and the United States.
WHITEHOUSE: President Obama's Bilateral Meeting with Prime Minister Noda of Japan | The White House
"This is supposed to be a very important election because we will choose Dietmen who will make policies for Japan in the next century, but I'm frustrated because none of the parties or their leaders appear capable of addressing what they really want to do, " he says.
But in recent months the winds of change have started to blow in Japan as Prime Minister Shinzo Abe promoted new fiscal policies and Bank of Japan Governor Haruhiko Kuroda introduced dramatic monetary measures.
The policies have seen Japan's central bank, the Bank of Japan, double its inflation target to 2% in attempt to spur domestic consumption.
The expansionary monetary policies pursued by Japan as well as the U.S. and European nations have thus far not been accompanied by fiscal reforms required to halt deficits and the accumulation of debt, or the fundamental structural reforms required in labor and capital markets to restore long term economic growth.
But Japan followed similar policies for decades and inflation never became a problem.
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So far, Japan's policies have escaped criticism from other central bankers.
Over the past few months New York-based American Home and Zurich Insurance have been permitted for the first time to sell auto policies over the phone in Japan.
Because of the security NATO provided and our push for liberal political and economic policies, western Europe and Japan made stunningly rapid recoveries from the rubble of World War II.
Importantly, the drop in bond yields in the U.S. and Germany, and the already-low government bond yields in Japan, suggest the monetary policies of the U.S. Federal Reserve, the European Central Bank and the Bank of Japan will remain aggressively stimulatory for at least the next several months, if not longer.
Investors were encouraged by the fact that a meeting of the Group of Seven leading nations didn't lead to criticism of Japan's easing policies or their effect on the yen.
"I think it's safe to say that the G-20 endorsement of Japan's monetary policies is enough of a cue to lift the pair above Y100, " said Kengo Suzuki, foreign exchange strategist at Mizuho Securities.
Analysts say that as Japan continues to pursue these policies, the yen is likely to weaken further.
In particular, Kuroda is a fluent English speaker and, after eight years at the helm of the Manila-based ADB, may be seen as a more effective ambassador for policies that have already caused friction among Japan's trading partners.
Bloomberg reported Mantega saying Brazil was abandoning policies to weaken the local currency, the real, even though Japan is depreciating the yen and the U.S. continues with the free money policies that started the currency war in the first place after the 2008 finance crisis erupted.
Crowley made no mention of Japan's non-nuclear policies and said the investigation was a Japanese affair.
Aflac, based in Columbus, Georgia, is the number one insurance company in Japan in terms of individual insurance policies in force, insuring one of out four households.
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My own view is that whether Japan succeeds or not with its inflationary policies, its debt endgame is near.
In support of Abenomics, the Bank of Japan this past Wednesday affirmed its own policies to buy long-term debt and securities.
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Over the past few months New York-based American Home and Zurich Insurance have been permitted to sell auto policies over the phone for the first time in Japan.
Led by the U.S. Federal Reserve with its quantitative easing and record low interest rates, the central banks of Europe, China and Japan have followed suit with accommodative monetary policies, a potent catalyst for market appreciation over this next cycle.
This exogenous event has actually forced Japan into having one of the loosest monetary policies globally.
The potential dog-in-the-manger remains the Bank of Japan, with its penchant for deflationary monetary policies that starve the economy of sufficient credit.
Complete a major fact-finding mission comparing science funding strategies and innovation policies in Europe, the United States, China, Japan, India, Australia and South Africa.
UNESCO: House | United Nations Educational, Scientific and Cultural Organization
"There is only a limited area in which he can take economic policies to new directions, " says Fukushima Mitsuo of Japan's Institute of Developing Economies.
Japanese Prime Minister Shinzo Abe plans to nominate Haruhiko Kuroda, the current chief of the Asian Development Bank and seen as a proponent of easier monetary policies, as the next governor of the Bank of Japan.
To tackle the strength of the yen, and other issues facing the economy such as decades of deflation, Mr Abe has been pressing the Bank of Japan (BOJ) to implement bold monetary easing policies.
However, he said Kuroda's policies would be unlikely to differ much from the current Bank of Japan governor, Masaaki Shirakawa, despite perceptions that Shirakawa favors a less aggressive policy approach.
Japan's bankruptcy laws allow failed insurers to shave underlying policies when they mature and to cut annual payouts.
The Bank of Japan joined the crowd of central banks further easing their monetary policies, as the BOJ Wednesday announced an aggressive monetary stimulus program amid what it says is a global economic slowdown.
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