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CLEAN: New Japanese PM faces tough challenges to rebuild economy

Former finance minister Naoto Kan became Japan's new leader on Friday, pledging economic recovery and close ties with Washington after his predecessor quit over a festering dispute about a US air base. Akio Yoshino, Chief economist at Societe Generale AM Japan, warns the new prime minister will face tough challenges but will be helped by a more favourable economic situation. He believes Kan will need to water down election campaign promises, will have to cut government spendings, and may eventually be able to reduce the national debt. Tokyo Japan (Footage by AFPTV via Getty Images)
Former finance minister Naoto Kan became Japan's new leader on Friday, pledging economic recovery and close ties with Washington after his predecessor quit over a festering dispute about a US air base. Akio Yoshino, Chief economist at Societe Generale AM Japan, warns the new prime minister will face tough challenges but will be helped by a more favourable economic situation. He believes Kan will need to water down election campaign promises, will have to cut government spendings, and may eventually be able to reduce the national debt. Tokyo Japan (Footage by AFPTV via Getty Images)
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DETAILS

Credit:
AFPTV
Editorial #:
101870256
Collection:
AFPTV
Date created:
June 07, 2010
Upload date:
License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:02:22:22
Location:
Tokyo, Japan
Mastered to:
QuickTime 8-bit Photo-JPEG SD 720x576 25p
Originally shot on:
p
Source:
AFPTV
Object name:
VID121654_ENb