Identifier
Created
Classification
Origin
08TOKYO757
2008-03-20 03:37:00
UNCLASSIFIED
Embassy Tokyo
Cable title:
TOKYO MEDIA REACTION - U.S. ECONOMY
how-toVZCZCXRO9892 PP RUEHFK RUEHKSO RUEHNAG RUEHNH DE RUEHKO #0757 0800337 ZNR UUUUU ZZH P 200337Z MAR 08 FM AMEMBASSY TOKYO TO RUEHC/SECSTATE WASHDC PRIORITY 2725 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 6756 RUEHNH/AMCONSUL NAHA 9141 RUEHNAG/AMCONSUL NAGOYA 5241 RUEHKSO/AMCONSUL SAPPORO 7352 RUEHOK/AMCONSUL OSAKA KOBE 0422 RUEHBJ/AMEMBASSY BEIJING 2308 RUEHMO/AMEMBASSY MOSCOW 2175 RUEHUL/AMEMBASSY SEOUL 8354 RUCNDT/USMISSION USUN NEW YORK 8920 RHEHAAA/NSC WASHDC
UNCLAS TOKYO 000757
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 - U.S. ECONOMY
UNCLAS TOKYO 000757
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 - U.S. ECONOMY
1. LEAD STORIES: Top stories on Thursday morning
included the Upper House rejection on Wednesday of the
second GOJ nominee for Bank of Japan governor.
2. "U.S. Economic Management Dependent on Rate Cuts"
The business-oriented Nikkei editorialized (3/20): "The
U.S. appears to be taking full-scale money-easing
measures to cope with the economic slowdown and
financial confusion there.... While concern about
inflation remains, the U.S. continues to be dependent
on the Federal Reserve Board in dealing with the
economy.... The effect of an additional rate cut may be
limited, as it may not be able to supply enough funds
to the financial institutions that are facing credit
uncertainty. The recent rescue of Bear Stearns by both
the government and private sector demonstrates the
seriousness of the financial crisis.... The U.S. may be
forced to inject public funds into financial
institutions to deal with the subprime mortgage
problem, which is the source of the trouble."
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 - U.S. ECONOMY
1. LEAD STORIES: Top stories on Thursday morning
included the Upper House rejection on Wednesday of the
second GOJ nominee for Bank of Japan governor.
2. "U.S. Economic Management Dependent on Rate Cuts"
The business-oriented Nikkei editorialized (3/20): "The
U.S. appears to be taking full-scale money-easing
measures to cope with the economic slowdown and
financial confusion there.... While concern about
inflation remains, the U.S. continues to be dependent
on the Federal Reserve Board in dealing with the
economy.... The effect of an additional rate cut may be
limited, as it may not be able to supply enough funds
to the financial institutions that are facing credit
uncertainty. The recent rescue of Bear Stearns by both
the government and private sector demonstrates the
seriousness of the financial crisis.... The U.S. may be
forced to inject public funds into financial
institutions to deal with the subprime mortgage
problem, which is the source of the trouble."
SCHIEFFER