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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (6690)	9/24/1998 8:32:00 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 9980

Henry, In the mean time in Japan, the good old party is falling apart. Clinton is making a habit of meeting with lame ducks these days. When the LDP is removed from power, the Japanese sh#t (lack of a better word) would finally hit the fan. Ramsey Friday September 25 1998 Japan Opposition aims to force poll via legislation block Top LDP power broke: Noboru Takeshita BENJAMIN FULFORD in Tokyo Japan appears to be heading for an early election that is likely to devastate the ruling Liberal Democratic Party and force more radical changes within other parties. A key member of the largest opposition group, the Democratic Party, said the party intended to try to force an election by blocking vital legislation for the financial system in the opposition-controlled upper house. He said the Democratic Party would block legislation by insisting on full disclosure of what it called a "scandal" involving the Long Term Credit Bank of Japan and former prime minister Noboru Takeshita, the top LDP power broker. In preparation for an election, three major opposition parties, Heiwa Kaikaku, the Democratic Party and the Liberal Party, have promised to co-operate to ensure their candidates did not split the opposition vote. Since LDP support is less than 25 per cent in the latest opinion polls, it is expected to be completely shut out of power as long as the opposition does not split the anti-LDP vote. Even the Japan Communist Party, long alienated from other parties, has promised to co-operate to oust the LDP. Communist Party leader Tetsuzo Fuwa told a party gathering yesterday that the party would "suspend" its opposition to US-Japan security co-operation and to the imperial family's role as symbols of state so that the party could align itself with other opposition groups. "LDP politics is in the process of a historical collapse," Communist Party secretary Kazuo Shii told the central committee meeting. Opposition Democratic Party chief Naoto Kan told party members earlier in the week to prepare for a general election. "It is doubtful whether [Prime Minister Keizo] Obuchi's Government can responsibly carry out its duties," he said. In a related development, 150 centrist and right-wing opposition party MPs met at a Tokyo hotel to form a "new study group". This is often a prelude to forming a new party. Among the participants were Democratic Party secretary-general Yukio Hatoyama, former prime minister Toshiki Kaifu and top officials from other major opposition parties. If the group does decide to form a party, the current opposition parties would splinter and the new group would become Japan's largest opposition party.