New PM Abe vows to rebuild economy, mend ties with US
27 Dec 2012 6:37 AM IST
Japan's newly-elected prime minister Shinzo Abe pledged to rebuild the economy and mend Japan's alliance with the United States in the face of an assertive China at his first press conference on Wednesday.
Abe was elected premier by the lower house of parliament earlier in the day after sweeping to power on a hawkish platform of getting tough on diplomatic issues while fixing the economy.
‘A strong economy is the source of Japan's national strength. Without a strong economy, Japan will not achieve fiscal reconstruction and have a future,’ Abe told the late-night press conference.
Earlier on Wednesday, the yen had tumbled against the dollar on growing speculation that the Bank of Japan will usher in further easing measures - a key plank of Abe's campaign. Abe stressed that his government will carry out a diplomacy drive to ‘win back’ national interests.
Abe was elected premier by the lower house of parliament earlier in the day after sweeping to power on a hawkish platform of getting tough on diplomatic issues while fixing the economy.
‘A strong economy is the source of Japan's national strength. Without a strong economy, Japan will not achieve fiscal reconstruction and have a future,’ Abe told the late-night press conference.
Earlier on Wednesday, the yen had tumbled against the dollar on growing speculation that the Bank of Japan will usher in further easing measures - a key plank of Abe's campaign. Abe stressed that his government will carry out a diplomacy drive to ‘win back’ national interests.
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