The confidence of the market for Japanese government bonds is maintained, and the stability of the long-term national bond yield continues.
However, there is not a guarantee that the market waits for Japan because Japan is going to revive from natural disaster.
An action to fiscal consolidation is a very urgent problem.
The prescription for fiscal consolidation have become already clear to anyone who knows the past argument.
In other words, it is necessary to control a welfare benefit by raising pension benefit age decisively regarding the annual expenditure as well as by raising the consumption tax regarding the annual revenue.
About such a fiscal consolidation plan, it is desirable to agree immediately between political parties as they agree to financial measures to revive from an earthquake disaster.
Otherwise the confidence for Japanese government bonds is lost in due course, and the sudden rise of the long-term interest rate and the cumulative worsening of the debt issue will occur, and then another financial crisis, which we should call "the second national crisis", is going to hit Japan.
At the time of the postwar largest crisis called East Japan great earthquake disaster and the nuclear plant accident, it is really unhappy for the Japanese people that a cabinet without the ability to rule the country is in charge of the government.
I request eagerly that an individual politician should come back to the origin of the politics which protect the lives and the profit of its people and that he or she should show wise political will regardless of ideological differences of political parties.
