Prime Minister (Yasuo) Fukuda's abrupt resignation has added to the wait-and-see sentiment
the cut has no clear baseline. It was revealing that in announcing it, Japanese Prime Minister Yasuo Fukuda initially said it was from 1990 levels, then had to take back that statement and subsequently mentioned a 2000 baseline.
In the year 2050, (Canadian Prime Minister Stephen) Harper will be 91, Bush will be 104 and (Japanese Prime Minister Yasuo) Fukuda will be 114. So we don't necessarily believe their commitments
Talent in the LDP has dried up, and the lack of capable leaders has become a chronic problem