Identifier
Created
Classification
Origin
08TOKYO3110
2008-11-10 03:54:00
UNCLASSIFIED
Embassy Tokyo
Cable title:  

TOKYO MEDIA REACTION - FINANCIAL CRISIS

Tags:  OIIP KMDR KPAO JA 
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DE RUEHKO #3110 3150354
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P 100354Z NOV 08
FM AMEMBASSY TOKYO
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RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY
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RHEHAAA/NSC WASHDC
UNCLAS TOKYO 003110 

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 - FINANCIAL CRISIS

UNCLAS TOKYO 003110

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 - FINANCIAL CRISIS


1. LEAD STORIES: There were no papers published on
Monday morning due to a press holiday. Broadcasters
reported on the joint communique issued Sunday by the
G20 financial ministers and the accident aboard the
Russian nuclear-powered submarine Nerpa on Saturday.


2. "Serious Economic Situation Will Test Obama" The
business-oriented Nikkei editorialized (11/9):
"President-elect Obama pledged during his first press
conference after the election that he will take 'all
necessary steps' to reconstruct the deteriorating U.S.
economy. Although Obama will be inaugurated two months
from now, his immediate decisions will have a great
impact not only on the American people but also on
nations around the world that have been hurt by the
U.S.-originated financial crisis. We hope Obama will
disclose specific measures to deal the crisis and
swiftly select his lineup of key economic officials,
including the secretary of the Treasury.... The next
administration's economic management will determine the
future course of the economic crisis in the U.S., which
has been deemed the most serious one since the Great
Depression. Obama's ability will be tested immediately
after his inauguration."

SCHIEFFER

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