Prime Minister Shinzo Abe called Monday for a snap election in mid-October, despite the allegations of cronyism that have dogged him and his Liberal Democratic Party throughout the summer.
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This last effort aims to make banks issue more loans by allowing them to make money on their own interest rates as well as encourage growth of new businesses rather than hoarding sums in the central bank.
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U.S. Trade Representative Michael Froman described the deal to the New York Times as only “an important first step,” as the TPP must still be ratified by the government of each state party. Having already been denied fast-track authority on the deal by the House of Representatives earlier in the summer, President Obama still faces bipartisan opposition to the TPP.
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Recently, ISIS captured and killed two Japanese citizens – military contractor Haruna Yukawa and journalist Kenji Goto. This bold act by ISIS has frightened the world for its violent displays of aggression to Japan, a country which has no offensive military to retaliate with.
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