Japanese Government Survives No-confidence Vote

PM Naoto Kan

Japanese Prime Minister Naoto Kan survived a no-confidence vote in the parliament after making peace with the Democratic Party rebels by promising them to resign as soon as the crisis provoked by the earthquake, tsunami and the Fukushima nuclear disaster is contained.

The Democratic Party of Japan lawmakers agreed to vote for the Prime Minister once more, though they did not convene on the timeframe, Kan’s predecessor saying that it was by the end of the month, whereas Kan suggested that it would only be next year.

The political instability adds to the already existing chaos left behind by the situation in Fukushima, and delays reconstruction and bills needed for returning to a normal life in Japan.

The stake of this political move is the big spending package Kan has promised to use in order to rebuild the northeastern areas in Japan, destroyed by the calamity in March.

Credit-rate companies await to see a fiscal plan in Japan so that they may understand the stance of Japan, the world’s biggest public debt.

The fact that Kan is expected to leave office, opening the path for a sixth PM in five years, is a very unpleasant sign for the voters of the Democratic Party, which brought the party to power in 2009, after a historical win over the Liberal Party.

Fukushima

The government of Naoto Kan is considered to have failed in accomplishing the goals it has set in 2009, that is reducing the power of bureaucracy and stimulating the families in order to reduce the decline of the population of the country.

Japanese economy shrunk since March and due to an international slowdown it is expected to shrink even further.