Monday, September 14, 2009

After 50 years the Japanese oust LDP!!

With very little fan fare in the U.S. media Japan changes leadership. For over 50 years the Liberal Democratic Party has ruled Japan. Since the occupational authority approved their first elections. This was not a close election by any means with the DPJ capturing 300 of 480 lower house seats , 63%.
The LDP PM, Taro Aso, takes responsibility and will resign. Resigning is the best case scenario in a society were lost honor can call for suicide.
This is a crucial election for Americans since one of the key platforms for the winning party is working with its neighbors including China to form a regional currency. This is vote against American financial hegemony and he new PM in waiting is quoted in the preceding link that American style capitalism is “void of morals or moderation."
This impact of this election is significant and one should start to digest as much information regarding the impacts quickly.

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