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Yasuo Fukuda

965 views. 2008-9-2 21:34 |

Japanese Prime Minister Yasuo Fukuda resigned after less than a year in office, throwing the world's second-largest economy into political confusion.
Too many trouble have created a lot of serious problems in Yasuo Fukuda’s pride. Beside Sub-prime mortgage loan crisis, the dollar's decline, oil price rise, troubles are responsible for a good part of depression of Japan’s economic. For a long time Japan has relied largely on overseas energy resources to develop its economy, and the rate of self-sufficiency has been above 4 percent, as a result, it lead to cost push inflation. At the same time, due to the serious mistake of Ministry of Health, Labor and Welfare, numerous records of annuities lost. It rose distrust of people to the Ministry of Health, Labor and Welfare. People inhibited their desire of consume. Thus, deflation appeared in the last year.

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Reply tina 2008-9-3 16:36
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