Aso named Japan's next finance chief as Abe primes fiscal pump
News On Japan via Bloomberg -- Dec 27
Taro Aso, son of a cement magnate and a champion of pork-barrel spending when prime minister, became Japan's sixth finance chief in three years, auguring expanded fiscal stimulus in the world's third-largest economy.
Aso, 72, will also serve as deputy prime minister and financial services minister in Prime Minister Shinzo Abe's administration, Chief Cabinet Secretary Yoshihide Suga said in Tokyo yesterday. Fumio Kishida is foreign minister, while Akira Amari was named economy minister.
The finance minister's first task will be to deliver on his party's pledge of a "large-scale" supplementary budget to stimulate the economy, which is forecast to shrink for a third straight quarter. At issue will be averting any sell-off in the bond market as the nation grapples with debt in excess of twice the size of gross domestic product and as Aso calls for a new plan to restore fiscal health.
A 43-year-old woman and other six boys and girls aged 14 to 18 years have been arrested by police in the western Japanese prefecture of Hyogo in connection with the abuse of a 15-year-old junior high school student, local press reported on Tuesday. (Global Times )
On November 30, officers from the Shizuoka Prefectural Police arrested Hitomi Sugawara, a part-time music teacher at elementary schools in Tokyo, for appearing in an adult video (AV) uploaded to an overseas Internet site. (Tokyo Reporter )