You might say he is a hybrid of Obama and the Kennedy Clan. Hatoyama represents change, but is the grandson of Prime Minister.(1952-54) Ichiro Hatoyama, son of a foreign minister and brother of a member of former PM Taro Aso’s cabinet. His other grandfather, Shojiro Ishibashi (ishi-stone, bashi-bridge) founded Bridgestone, maker of tires and golf balls. His wife is Miyuki Hashimoto, former stage actress, who is an author and popular cuisine critic. There was an admitted infidelity incident in 1996. He likes baseball and is a Russophile.
His long term goals and dreams include forming a closer partnership with China, at the expense of minimizing U.S. relations, and, perhaps an Asian Union with a common currency. He has already declared that he won’t be visiting the Yasukuni Shrine, where Japanese war criminals are symbolically placed. He has a nickname, ET, because of his bulbous eyes.
On August 26, he published an op ed piece in The New York Times, entitled “A New Path for Japan.” As the world economy recovers, Hatoyama will share some credit for improving conditions in Japan. If he can maintain a scandal free administration, he will be around for some time. A long term problem is a population which will reach a max just under 130 million this year, but could drop to as low as 90 million in 2050. But then, again, perhaps a way can be found to prosper with a smaller population, as the advent of Peak Oil and Global Warming will significantly affect lifestyles.
After being down 100, the Dow Jones Industrials recovered to only drop 48 at 9496. World markets mostly fell, with the Shanghai Composite Index sinking almost 7%. Oil is hovering at $70/barrel, but I noted that oil futures contracts for 2016 are only at $89/barrel. Gold decreased $5/toz to $951.
Hurricane Jimena is now at 155 MPH, on the verge of Category 5, but will weaken somewhat and crash into Baja late Tuesday or early Wednesday. This is a powerful storm.
Tropical Storm Krovanh, never made it to Japan and is now moving away and north.