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Japan’s shadow finance minister wants single Asian currency

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AFP
Friday, June 5, 2009

The man who hopes to be Japan’s next finance minister envisions an Asia united by a single currency, saying the dollar may no longer reign supreme in future.

The opposition’s “shadow finance minister” Masaharu Nakagawa also says he hopes to reshape the world’s number two economy into a kinder, gentler place if his Democratic Party of Japan (DPJ) wins elections this year.

“You can’t invigorate society only through… the law of the jungle where the strong become stronger,” he told AFP. “The same player would always win if there were no handicaps in golf.”

(ARTICLE CONTINUES BELOW)

Japans shadow finance minister wants single Asian currency  250509BANNER

Japan’s conservative Prime Minister Taro Aso must call elections by September, when the DPJ hopes to topple his Liberal Democratic Party, which has been in power for almost all of the past half century.

In an interview with AFP, Nakagawa outlined some of the changes he would like to make if he becomes finance minister in Asia’s largest economy, which is now in the throes of its worst post-World War II recession.

Looking at the broader region, he said Asia should tackle security and economic issues as “a unified community.”

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This article was posted: Friday, June 5, 2009 at 9:02 am





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