On Tuesday of last week, the Japanese government nominated Koji Tanami for the post of governor at the Bank of Japan. The initial market reaction was one of surprise, considering the recent impasse within the Parliament. So it was no surprise when the Upper House rejected the nomination for this potential governor.

The fact that the Japanese government can’t agree on something as simple as a properly qualified individual to run an integral organization is showing the world that Japan can’t decide on anything of importance. Perhaps it's time to evict all the "leaders" of this country and get a fresh house with fresh blood.

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