CCTV.com - CNTV English - CCTV News

Noda administration faces challenges

06-05-2012 09:20 BJT

Watch Video

Play Video

Let's briefly revisit that cabinet reshuffle by Japanese Prime Minister Yoshihiko Noda. --Now, the whole point of the reshuffling as we mentioned was to smooth the way for a deal with Japan’s opposition party to double the country’s sales tax. The tax increase is seen as essential in an effort to curb Japan’s biggest challenge, namely, the snowballing public debt, which has exceeded the value of two years of economic output.

So far two of the world’s three major rating agencies have rated Japan debts unfavourably. Fitch cut its credit rating in May, while S&P still puts the country’s economy on a negative outlook.

Another major test is whether Japan can avoid power outages this summer with its entire fleet of reactors idled from the Fukushima nuclear disaster last year. The government’s suggestion to restart them have critics saying authorities are downplaying the potential risks.

However Japan’s government retaliated by saying the country will avoid power cuts in the summer even if the last few nuclear reactors cease operating.

 

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program