Japan Aff Michigan 2010 / ccgjp lab – 7wks
Exts: Japan Politics – 2AC Economy Add-on [1/2]
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- Exts: Japan Politics – 2AC Economy Add-on [2/2]
Exts: Japan Politics – 2AC Economy Add-on [1/2]DPJ needs upper house vote for sales tax hike which is key to sustaining the Japanese economyKuboto, 6/17, [Yoko Kuboto, 6/17/2010, Reuters News, “UPDATE 2-Japan ruling party to hint at sales tax hike-media”, http://www.reuters.com/article/idUSTOE65F04L20100617] OKYO, June 17 (Reuters) - Japan's ruling Democratic Party will leave the door open for an early sales tax rise in its campaign platform for a July 11 poll, media said on Thursday, a major shift from its focus on spending in last year's pledges. In another nod to reality in its campaign platform to be unveiled later on Thursday, the party will also say it will seek to deepen ties with key security ally the United States, the Yomiuri newspaper said. It will also call for transparency in China's defence policies, Yomiuri said.Voter support for the Democrats has rebounded since Prime Minister Naoto Kan took over from his unpopular predecessor Yukio Hatoyama last week, improving the party's chances in the election next month for parliament's upper house. The ruling party will stay in power regardless of the election outcome given its majority in the lower house but the party needs to win a majority in the upper chamber to forge ahead smoothly with policies such as cutting Japan's huge public debt. In the manifesto, the Democrats will call for a "non-partisan discussion on comprehensive tax reform including the sales tax", without specifying a time frame, three major newspapers said. Some in the party have said the manifesto should include a reference to a possible sales tax hike after the next general election, due by late 2013. But Kan, who has made fiscal reform a top priority, pressed to leave out any timeline, leaving the door open for an earlier tax hike, the Yomiuri said. The Democratic Party swept to power in a historic general election last year promising to cut waste and put more cash in consumers' hands to spur growth, while forging a more equal partnership with the United States. But Europe's debt woes have fanned concern about a Japanese public debt already twice the size of the economy, while efforts to revamp ties with Washington ran into trouble amid tensions in a region home to an unpredictable North Korea and a rising China. In their new manifesto, the Democrats will aim to cut the primary balance deficit by more than half by the year to March 2016 from the current level and post a surplus by the year to March 2021, media reported. The party will also promise to "do its best" to keep new bond issuance for the fiscal year starting next April 1 at or below the 44.3 trillion yen earmarked for the current fiscal year, media said. The Democrats will call for the government and the Bank of Japan to cooperate to defeat deflation quickly, the Yomiuri said. The government is expected to unveil on June 22 a medium- and long-term plan to rein in debt. It will adopt stricter fiscal management rules setting a three-year spending cap on state budgets and requiring permanent funding sources for new policy steps, the Nikkei business daily has reported. Japan economy directly related to US economy and global economy. Chanlett et. al 09 (Japan-U.S. Relations: Issues for Congress. Emma Chanlett-Avery, Coordinator Specialist in Asian Affairs, William H. Cooper Specialist in International Trade and Finance, Mark E. Manyin Specialist in Asian Affairs, Weston S. Konishi Analyst in Asian Affairs November 25, 2009) Japan is one of the United States’ most important economic partners. Outside of North America, it is the United States’ second-largest export market and second-largest source of imports. Japanese firms are the United States’ second-largest source of foreign direct investment, and Japanese investors are the second-largest foreign holders of U.S. treasuries, helping to finance the U.S. deficit and reduce upward pressure on U.S. interest rates. Bilateral trade friction has decreased in recent years, partly because U.S. concern about the trade deficit with Japan has been replaced by concern about a much larger deficit with China. The exception was U.S. criticism over Japan’s decision in 2003 to ban imports of U.S. beef, which have since resumed. However, the economic problems in Japan and United States associated with the credit crisis and the related economic recession and how the two countries deal with those problems will likely dominate their bilateral economic agenda for the foreseeable future. Japan has been hit particularly hard by the financial crisis and subsequent recession. Japan’s gross domestic product (GDP) declined 0.7% in 2008 and is projected to decline by 6.2% by the end of 2009 with a modest rebound expected in 2010. At the same time, the United States is showing some signs of recovery, at least according to some indicators. Exts: Japan Politics – 2AC Economy Add-on [2/2]Economic decline results in nuke warNational Security Network, 9 (composed of 2,000 members and experts with a wealth of experience in government service, the private sector and the non-profit sector, 2/13, GLOBAL ECONOMIC CRISIS IS THE GREATEST THREAT, http://www.nsnetwork.org/node/1213) Global economic crisis is a grave threat to U.S. national security. The global economic meltdown has already produced serious instability, which according to Director of National Intelligence Dennis Blair, poses a serious threat to the U.S. “Blair told Congress yesterday that instability in countries around the world caused by the current global economic crisis, rather than terrorism, is the primary near-term security threat to the United States,” reported the Washington Post. The Director also spoke to the urgency of the issue, saying that “time is probably our greatest threat,” and the “the longer it takes for the recovery to begin, the greater the likelihood of serious damage to US strategic interests.” Blair’s analysis went on to say that “roughly a quarter of the countries in the world have already experienced low-level instability such as government changes because of the current slowdown.” World Bank President Robert Zoellick expressed similar concerns, warning that the “global economic crisis threatens to become a human crisis in many developing countries.” A recent issue of the Economist showed how the crisis was wreaking havoc in Asia as well, where GDPs in Hong Kong, Singapore, South Korea and Taiwan have fallen “by an average annualised rate of around 15%,” and exports slumped more than 50% at an annualised rate.” In Blair’s view, these deteriorating economic conditions present a variety of challenges for the U.S., including “increased economic nationalism,” the inability of allies and friends “to fully meet their defense and humanitarian obligations,” “[p]otential refugee flows from the Caribbean,” and “increased questioning of US stewardship of the global economy and the international financial structure.” Therefore the U.S. cannot afford to botch its response, as economist Nouriel Roubini recently observed: “[i]n the 1930s, the botched policy response and severe depression led to the rise of nationalistic, militaristic and aggressive regimes in Italy, Germany, Spain, Japan to name a few. The final result was World War II.” Directory: files files -> Answer True False 2 points Question 2 files -> Integer programming and game theory files -> 4 Integer Programming files -> Bpa vehicle Window Repair Scenario #1 task: Procure vehicle window relacement. Objective files -> Pop Warner History files -> North Carolina Inclusion Initiative Mapping Where Children with ieps are Being Served Purpose files -> Fall 2013 Spring 2014 Program Data: Standard 1 Exhibit 4d files -> Hanban – asia society confucius classrooms network 2010 request for proposal files -> Northern England’s set-jetting locations Download 0.59 Mb. Share with your friends:
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