Yukio Hatoyama will become the next Prime Minister of Japan with his Democratic Party of Japan (DPJ). Since WWII, Japan has been mainly ruled by the Liberal Democratic Party (LDP). This is a big deal and a big shift within Japan. DPJ has also won about two-thirds of the seats in the Japanese Diet. Hatoyama has an Op-Ed in the New York Times, “A New Path for Japan” which I highly recommend. This is an abridged version of a manuscript which NYT said were circulated in business and diplomatic circles signaling Hatoyama’s policies for his administration.
Again, I highly encourage FM readers to read Hatoyama’s Op-Ed, “A New Path for Japan.” There are a couple of very interesting points he made which I thought worth noting:
- Fundamentalist pursuit of capitalism which is attributed to the U.S.-led globalization is causing human dignity to be lost . . . . “globalism has progressed without any regard for non-economic values, or for environmental issues or problems of resource restriction.”
- Creation of an East Asian currency (like the Euro) and community while keeping U.S.-Japan security pact as a cornerstone.
- Japan is caught between a rising China and a powerful U.S., but Japan’s sphere is in Asia.
Near the end, he said:
“Therefore, I would suggest, somewhat paradoxically, that the issues that stand in the way of regional integration can only be truly resolved by moving toward greater integration. The experience of the E.U. shows us how regional integration can defuse territorial disputes.”
I feel this statement is extremely wise and one that I agree with wholeheartedly. At a personal level which all of us can relate to – when we have differences with our family and friends, it is usually easy to settle those. When we don’t like someone, the most minute difference could easily get us into the biggest fights.