Bad side

Shanghai +25%, India +10%, US +10%, Britain +10%, Brazil +14%
Japan -10%
Those percentages are the average stock price increase or decrease in 3 months time. They show how Japan is depreciated when compared with all the developed and developing countries. Investors look upon Japan as declining country, at least industry-wise, under the new government. They have already withdrawn $5 billion from Japanese market while having invested $16 billion in Asian market.
Japanese industry is ailing due to the excessive appreciation of yen which our Financial Minister refers to as "natural". Investors do not trust japanese economy because of the unprecedented high national debt in Japan which is to obviously expand if the new government keeps the promise to give away considerable sum of money to kids or cutting tax on gasoline.
Without economic growth, all the government policies of countermeasures against unemployment would be no use. The reason is simple. Companies do not want to hire people whatever skills they acquired through job training or whatsoever which our government is trying to provide. Companies just cannot afford. If the government gives a financial support to those companies which employ jobless people, it would be another financial burden to the government, which would scare the hell out of the investors.
This may be a matter of priority. But if we start to lose now I have a feeling that we will have little chance to win again. Hatoyama-government, like any other things, has a good side and bad side. I hope the bad side is not too bad.