Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Businessweek Archives


International Outlook: GLOBAL WRAPUP


More than ever before, the long-ruling Liberal Democratic Party is being forced to curry favor with an opposition party--this time the Buddhist-backed, pacifist Komeito. The LDP needs Komeito's votes in the Upper House, where it lost control in 1989. Komeito is using its leverage to brake LDP moves to expand Japan's global role. Reflecting the views of the Buddhist housewives who are its core supporters, Komeito is putting restrictions on the LDP's $9 billion gulf aid package. The party has also won a shift of defense funds to help pay for the aid.

Politically, Komeito is forcing the LDP to strike risky electoral deals, such as LDP Secretary General Ichiro Ozawa's agreement to back Komeito's candidate for governor in April's Tokyo election. This means deserting incumbent Governor Shunichi Suzuki, favored by the LDP's Tokyo chapter. If Suzuki wins, the powerful Ozawa may have to resign. This could trigger an upheaval in the LDP. While Komeito is helping extend the LDP's rule, the price it is extracting in return may prove politically costly.

blog comments powered by Disqus