Identifier
Created
Classification
Origin
08TOKYO2801
2008-10-08 00:58:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - WORLD ECONOMY
how-toVZCZCXRO0696 PP RUEHFK DE RUEHKO #2801 2820058 ZNR UUUUU ZZH P 080058Z OCT 08 FM AMEMBASSY TOKYO TO RUEHC/SECSTATE WASHDC PRIORITY 7779 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 0260 RUEHOK/AMCONSUL OSAKA KOBE 4005 RUEHBJ/AMEMBASSY BEIJING 5723 RUEHMO/AMEMBASSY MOSCOW 2558 RUEHUL/AMEMBASSY SEOUL 1718 RUCNDT/USMISSION USUN NEW YORK 1991 RHEHAAA/NSC WASHDC
UNCLAS TOKYO 002801
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 - WORLD ECONOMY
UNCLAS TOKYO 002801
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 - WORLD ECONOMY
1. LEAD STORIES: All Wednesday morning papers gave
prominent top play to the three Japanese scientists who
won the 2008 Nobel Prize in physics.
2. "It's High Time for U.S., Europe to Employ All
Policy Tools" The liberal Mainichi editorialized
(10/8): "Japan experienced a banking crisis in the late
1990s after the economic bubble collapsed. At that
time, Japan was pressed by the U.S. and Europe to do
everything it could, including massive government
spending and the purchase of corporate shares by the
Bank of Japan. This time around, the U.S. and Europe
should mobilize all policy instruments available to
contain the financial turbulence and turn around the
stock market."
3. "U.S., Europe Must Address Root Problems to Deal
with Global Stock Plunge" The business-oriented Nikkei
argued in an editorial (10/8): "Financial instability
in the U.S. and Europe is responsible for a worldwide
stock plunge. Distrust in the banking system will
remain as long as concern remains about the adequacy of
the capital bases of financial institutions. In order
to root out the core problems of the ongoing crisis,
the U.S. and European governments need to inject
sufficient public money into ailing lending
institutions."
SCHIEFFER
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 - WORLD ECONOMY
1. LEAD STORIES: All Wednesday morning papers gave
prominent top play to the three Japanese scientists who
won the 2008 Nobel Prize in physics.
2. "It's High Time for U.S., Europe to Employ All
Policy Tools" The liberal Mainichi editorialized
(10/8): "Japan experienced a banking crisis in the late
1990s after the economic bubble collapsed. At that
time, Japan was pressed by the U.S. and Europe to do
everything it could, including massive government
spending and the purchase of corporate shares by the
Bank of Japan. This time around, the U.S. and Europe
should mobilize all policy instruments available to
contain the financial turbulence and turn around the
stock market."
3. "U.S., Europe Must Address Root Problems to Deal
with Global Stock Plunge" The business-oriented Nikkei
argued in an editorial (10/8): "Financial instability
in the U.S. and Europe is responsible for a worldwide
stock plunge. Distrust in the banking system will
remain as long as concern remains about the adequacy of
the capital bases of financial institutions. In order
to root out the core problems of the ongoing crisis,
the U.S. and European governments need to inject
sufficient public money into ailing lending
institutions."
SCHIEFFER