Shii speaks at meeting of Heads of EU Missions

Japan Press Weekly

Japan Press Service Co., Ltd. is the only news agency providing information of progressive, democratic movements in Japan

Shii speaks at meeting of Heads of EU Missions

Japanese Communist Party Chair Shii Kazuo lectured on “Japan’s new political situation and the JCP” at a meeting of the Heads of EU Missions in Tokyo on February 22.

Invited to the meeting as a guest speaker, Shii explained two distortions of politics Japan does not share with other developed capitalist countries, which are “capitalism without rules” and “extraordinary subordination to the U.S.,” as well as the possible measures to correct them that the JCP is proposing.

Stating that Japan has been severely affected by the worldwide economic crisis, he described how major corporations’ unrestricted pursuit of profits has led to a decrease in household incomes and domestic demand, making the Japanese economy very fragile.

For a healthy economic development, public rules must be established to require large companies to return a portion of their enormous internal reserves to society, said Shii, adding that the JCP is learning from European countries’ achievement in building an economy governed by rules.

- Akahata, February 23, 2010