Japan politics and the FDI Essay Example | Topics and Well Written Essays - 750 words

Japan politics and the FDI - Essay Example There were multiple parties that were registered to participate in the last general election. These parties included the (LDP), the (DPJ), the (JRP) and (NKP) among others. Under different leadership styles and ideals, all the political parties reason from different platforms/manifestos. Politicians espoused to the ideologies of the different political parties. They conducted their campaigns with varying manifestos that were commonly identifiable to their visions and missions towards the general governance of the republic of Japan. These platforms entailed what individual candidates or parties would do to the people when elected to the governance. This is a common scenario to all political struggles in all nations. However, though the disparities of the parties are evident, close analysis show some likeness and difference between the competing political parties. Economic analysis of the similarities and differences reveal that they have impacts on foreign direct investments. Today’s political landscape of Japan is dominated by political party manifestos. These platforms have changed the politics in that they have now changed into principle and policy oriented. The political campaigns now give the general public the position to evaluate the political parties past performance as regards to the manifestos provided and are able to judge the individual candidates based of the visions advocated by the manifestos. This is one of the similarities between competing parties in Japan. However, much of the manifesto strategies has been criticized as only paper work and only serves to win the peoples votes. They are often designed to the catchy edge on why one candidate is better elected than his/her rival. According to the FX trade magazine, January-March 2013 edition, Shinzo Abe, the leader of the LDP was quoted through an interview with the Wall street journal to have the persistent â€Å"deflation problem† in Japan as a priority of his governance co uld he win the forth coming elections. He argued that with a good spending plan, he would be in a position to curb deflation and this would go a long way in restoring the investors’ confidence (Anon 45). He argued that the bottom line in stabilizing the economy of Japan was through appreciating the value of the yen and had a 2% inflation target. By revaluing the yen, investors confidence and would boost better relations with the investors both local and foreign. The JRP party pledged to ensure minimal corporate dependence by the central bank and minimize the income taxes in the way to boost investment and the earn investors confidence. The party also promised to eradicate nuclear power production by 2030, if elected into office (Martin, para 10). This in itself had economic edge in that western countries that in the past never regarded investing in the country would now be won into the country. Japan future party’s point on economic perspective was to have an overhaul cut of the government expenditure before imposing a tax cut. Led by the founder, Yukiko Kada the party also intends to reduce the reliance on the central government to ease the wasteful bureaucracy (Koh, para 6). By and large, a common feature to all the parties and their platforms was the zeal to restore sanity to the deflation that has been challenging all efforts to economic development of the country since the Second World War. Different regimes of governance have always tried to revalue the country’s currency in efforts to better the lives of the citizens. Different policies and strategies have been proposed and tried thou the currency is yet to rise to the rightful value. The parties also commonly pledged to have the restoration of the image of the country as regards