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SheldonThinks Investments

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The latest news from Japan suggests that the chances of reform under the current PM Yukio Hatoyama are quickly deteriorating. The Democratic Party of Japan lost a local election in Nagasaki. I consider that less important considering that their candidate was a bureaucrat, and he was beaten by the Vice Governor. The more important issue is opinion polls, which are being shaped by the financial scandals. They have a few months to turn those fears around, otherwise we are looking at a ‘hung parliament’, which is not the best basis for reform. See the full story here. Ideally I would like to see the DPJ given a majority in both houses in the June 2010 elections.

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Foreclosed Japan Guide

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