PM Abe Begins Cabinet Reshuffle With China Friendly Appointments

September 3, 2014 Share Print 0

Japan’s Prime Minister Shinzo Abe on Wednesday picked two lawmakers with friendly ties to China for his party’s top posts, a move seen to be aimed at thawing chilly ties with Beijing.

Abe tapped outgoing Justice Minister Sadakazu Tanigaki, his predecessor as LDP leader, for the key party post of secretary-general, the LDP’s de facto election campaign chief.

69-year-old Tanigaki is from a moderate wing of the LDP that favors better ties with China. He was also behind a plan to hike the sales tax in two stages to curb Japan’s huge public debt.

Meanwhile, veteran lawmaker Toshihiro Nikai, 75, who also has close ties with China, was appointed to a second top party post. Outgoing administrative reform minister Tomomi Inada, 55, a close conservative ally of Abe, became LDP policy chief.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.