Identifier
Created
Classification
Origin
08TOKYO279
2008-02-04 02:00:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - GLOBAL ECONOMY
how-toVZCZCXRO8312 PP RUEHFK RUEHKSO RUEHNAG RUEHNH DE RUEHKO #0279 0350200 ZNR UUUUU ZZH P 040200Z FEB 08 FM AMEMBASSY TOKYO TO RUEHC/SECSTATE WASHDC PRIORITY 1473 RUEKJCS/SECDEF WASHDC PRIORITY RUCPDOC/USDOC WASHDC PRIORITY RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY RUYNAAC/COMNAVFORJAPAN YOKOSUKA JA PRIORITY RHHMUNA/HQ USPACOM HONOLULU HI PRIORITY RHHMHBA/COMPACFLT PEARL HARBOR HI//N541// PRIORITY RHMFIUU/HQ PACAF HICKAM AFB HI//CC/PA// PRIORITY RUHBANB/OKINAWA FLD OFC US FORCES JAPAN CP BUTLER JA PRIORITY RHMFIUU/USFJ PRIORITY INFO RUEHFK/AMCONSUL FUKUOKA 5886 RUEHNH/AMCONSUL NAHA 8282 RUEHNAG/AMCONSUL NAGOYA 4515 RUEHKSO/AMCONSUL SAPPORO 6494 RUEHOK/AMCONSUL OSAKA KOBE 9553 RUEHBJ/AMEMBASSY BEIJING 1480 RUEHMO/AMEMBASSY MOSCOW 2104 RUEHUL/AMEMBASSY SEOUL 7543 RUCNDT/USMISSION USUN NEW YORK 8178 RHEHAAA/NSC WASHDC
UNCLAS TOKYO 000279
SIPDIS
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - GLOBAL ECONOMY
UNCLAS TOKYO 000279
SIPDIS
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - GLOBAL ECONOMY
1. LEAD STORIES: Most Monday morning papers led with
follow-up stories on food poisoning cases suspected of
being caused by frozen Chinese-made dumplings.
2. "Coordination among G-7 Nations Necessary" The
liberal Mainichi editorialized (2/3): "The U.S. economy
appears to be slowing, as America's gross national
product stopped growing and unemployment is increasing.
Despite the Fed's drastic rate cuts, prospects for the
future remain bleak... The biggest problem of the U.S.
economy is concern about an increase in nonperforming
loans in financial institutions that could impair their
credit. The U.S. should concentrate its efforts in
putting forward measures to cope with the subprime loan
crisis and other financial concerns... European nations
share U.S. concern about the unstable financial market.
Leaders of the UK, France, Germany, and Italy met to
discuss the issue... A meeting of G-7 finance ministers
and central bank governors will be held in Tokyo on
February 9. Coordination among the G-7 members is
necessary to stabilize the market and prevent the
current situation from developing into a crisis."
SCHIEFFER
SIPDIS
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - GLOBAL ECONOMY
1. LEAD STORIES: Most Monday morning papers led with
follow-up stories on food poisoning cases suspected of
being caused by frozen Chinese-made dumplings.
2. "Coordination among G-7 Nations Necessary" The
liberal Mainichi editorialized (2/3): "The U.S. economy
appears to be slowing, as America's gross national
product stopped growing and unemployment is increasing.
Despite the Fed's drastic rate cuts, prospects for the
future remain bleak... The biggest problem of the U.S.
economy is concern about an increase in nonperforming
loans in financial institutions that could impair their
credit. The U.S. should concentrate its efforts in
putting forward measures to cope with the subprime loan
crisis and other financial concerns... European nations
share U.S. concern about the unstable financial market.
Leaders of the UK, France, Germany, and Italy met to
discuss the issue... A meeting of G-7 finance ministers
and central bank governors will be held in Tokyo on
February 9. Coordination among the G-7 members is
necessary to stabilize the market and prevent the
current situation from developing into a crisis."
SCHIEFFER