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Yasuo Fukuda

Japan's 'twisted parliament' could freeze leader's attempts to tackle debt, revive growth

TOKYO (AP) — In Japanese, it's called a "twisted parliament," and it doesn't bode well for the country's future.The Democratic Party-led coalition enjoys a comfortable majority in the powerful lower house, but it lost control of the upper house in an election this week. If past experience holds, the twisted parliament is a formula for policy gridlock, because both houses must approve legislation.The predicament, which has plagued earlier governments too, comes at a time when Japan badly needs action. The world's second-largest economy faces serious challenges, from reducing its bulging budget deficit and reviving growth to fighting deflation and shoring up its social security system as the population ages and shrinks."This is potentially very bad news for Japan as a whole on various fronts, because very little can move ahead as far as government policies are concerned," said Takahira Ogawa, an analyst at Standard & Poor's. "There might be some more years wasted, which is a pity for the...

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