By S. Carpenter
This booklet contends that structural reforms, the basic 3rd arrow in Abe's 'Abenomics', won't occur. accordingly, Abenomics is only a mixture of reckless financial coverage and ambiguous economic regulations on the way to fail to regenerate Japan's fragile economic system and minimize sovereign debt.
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Additional resources for Japan Inc. on the Brink: Institutional Corruption and Agency Failure
Officials and the hierarchy of the kisha club have the means to prevent the spread of information that they may consider disadvantageous, on pain of exclusion of the offending journalist from the club. The system thus acts against the public interest, since it may deny or delay access to important information, including, for example, information or direct relevance to public health and safety. 2. By giving both officials and journalists a vested interest in maintaining exclusivity of a story, the system encourages over-reliance on a single source of information and lack a cross-checking, thus diminishing the quality of information available to the wider public.
Those who are found guilty can be imprisoned for up to ten years and journalists who are convicted of trying to obtain classified information can be imprisoned for up to five years. Although politicians denied that the law would be used to restrict the press or the public’s ‘right to know’, Justice Minister Sadakazu Tanigaki, the former LDP president who was defeated by former Prime Minister Yoshihiko Noda in the 2011 election, did not rule out the possibility of police raids on newspapers suspected of breaking the law.
Central to Abe’s defense policy was the US–Japan Security Treaty (which Kishi had attempted to revise as a prelude to revising the Constitution) and the expansion of military capability in response to the Senkaku Islands dispute with China. Prioritizing the defense of the islands, Abe’s cabinet approved his defense plan in December 2013 which called for a $235– $245 billion budget to cover a four-year period for beefing up Japan’s military hardware. Abe also wanted the formal 28 Japan Inc. on the Brink ban on the export of weapons lifted, which was expected to be included in the revised Constitution.