Japan's mammoth government debt keeps piling up while critical decisions get pushed back, referred to various panels, lodged in elaborate rituals of "consensus-building" or political horse-trading in a gridlocked parliament.
Mainstream political parties, torn by conflicting group loyalties, proved incapable of setting aside their differences and providing the leadership for which the public longs.
Instead, politicians reverted to business as usual: parliamentary trench warfare and the annual "ditch the prime minister" exercise that gave Japan its sixth leader in five years and now threatens to block vital tax and welfare reforms. (Reuters)
↧