The circus surrounding budget cuts and politicians grilling bureaucrats over their spending has captivated much of Japan. Here's a piece from Reuters on the hoopla over the Webcasts. Of course, as Mr. Morita points out, a lot of this is just smoke and mirrors. Reuters quotes him as saying:
"If they really wanted to cut the budget, they should be looking at big items like defense spending and the overseas aid budget. But they're sticking to the smaller items."
The author of Curing Japan's America Addiction (Chin Music Press) offers insight and commentary from Tokyo.
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