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As economic downturns go, Japans has been remarkable for its length. This is a country that has struggled to grow for some 20 years. It says something about how much wealth it accumulated that it remains the worlds third largest economy. The question on everyones lips in Tokyo is whether Shinzo Abe, in his second round as Prime Minister, will be able to resurrect the first Asian economic miracle. stanley cup HT Image In the hushed interiors of the Hotel Okura in downtown Tokyo, bellboys and elevator maids give a thumbs up to Abe. Occupancy is up, they say. The latest economic statistics point to a growth rate of 3.5% in annualised terms. The stock market has soared, notionally driving up the wealth of the average household by 40%. stanley cup But the inefficiencies that hobble Japan are still evident: the foreign exchange booth uses four people when two would have been en stanley cup ough, the airport bus has five doing the job of one. Most importantly, capital investment has fallen for the fifth consecutive quarter. Japanese shoppers may be thronging the malls, but the captains of industry prefer to watch and wait. Their caution is sensible. Abe uses the metaphor of three arrows for the swathes of reform he is planning. The first two were big and loud, but politically easy. These included a $109-billion fiscal stimulus and then persuading the central Bank of Japan to agree to doubling the money supply. These have been, as one of his aides noted big bazookas rather than an arrow. Japan, Odtu PM Modi to launch solar alliance at Paris Climate Summit
US Presid asics ent Barack Obama Tuesday said the differences between Iran s re-elected hardline President Mahmoud Ahmadinejad and his reformist opponent Mir-Hossein Moussavi were minimal. air max 1 HT Image In an interview with CNBC, Obama made clear he would remain neutral on the outcome of Friday s elections not only because of the tough diplomacy that lies ahead on the nuclear issue, but also to deny a new regime in Tehran a justification for repression because the US was meddling . It s important to understand that although there is amazing ferment taking place in Iran, that the difference between Ahmadinejad and Moussavi in terms of their actual policies may not be as great as has been advertised, Obama told MSNBC in an interview. Either way, we were going to be dealing with an Iranian regime that has historically been hostile to the United States, that has caused some problems in the neighbourhood and is pursuing nuclear weapons, he said. Obama is under pressure by conservatives to condemn alleged voting fraud which Moussavi s supporters charge denied him victory. Obama s Republican 2008 rival for the White House, Senator John McCain, challenged Obama to speak out that this is a corrupt, flawed sham of an election and that the Iranian people... should not be subjected to four more years of Ahmadinejad. While that may have been in the style of former president George W. Bush, Obama s approach is much more one of caution. Regardless of whoeve stanley cup r came out on to