If Prime Minister Hatoyama Yukio was counting on the smooth passage of the national budget (fifth fastest passage in history) and the passage of the childcare support payments bill (ok, ok, so 50% of potential recipients are saying that they intend to put the money into savings, negating the economic purpose of the payments -- at least the legislative part is done) to boost his public image, he should be probably disavowing himself of his illusions this morn.
In the past 24 hours Hatoyama has repudiated his own thrice-revised deadline for a new plan for the Futenma relocation (end of December 2009...no wait, end of May 2010...no wait, by the end of March 2010!) falling back on the least likable excuse ("There ain't no law!") ever and seen his former chief accountant plead guilty to multiple, repeated acts of fraud in his (the accountant's) misrepresenting of 400 million yen's worth of deposits in the accounts of the PM's private political funding organization as donations from Hatoyama supporters (some alive, some not quite alive) rather than as direct cash transfers from Hatoyama's and his mother's private holdings.
When the above is coupled with turmoil caused by the Kamei postal reform law revision announcement and the distressing fall in the support figures for both the Cabinet and the Democratic Party of Japan in the weekend poll conducted by the Nihon Keizai Shimbun, one comes away with the sense that the PM really needs to start thinking about his exit strategy -- or his exit plain and simple.
Fixing China’s overheated property market
5 hours ago