VZCZCXRO9383
PP RUEHFK RUEHKSO RUEHNAG RUEHNH
DE RUEHKO #1984 1990445
ZNR UUUUU ZZH
P 170445Z JUL 08
FM AMEMBASSY TOKYO
TO RUEHC/SECSTATE WASHDC PRIORITY 5909
RUEKJCS/SECDEF WASHDC PRIORITY
RUCPDOC/USDOC WASHDC PRIORITY
RUEATRS/DEPT OF TREASURY WASHINGTON DC PRIORITY
RUYNAAC/COMNAVFORJAPAN YOKOSUKA JA PRIORITY
RHHMUNA/HQ USPACOM HONOLULU HI PRIORITY
RHHMHBA/COMPACFLT PEARL HARBOR HI//N541// PRIORITY
RHMFIUU/HQ PACAF HICKAM AFB HI//CC/PA// PRIORITY
RUHBANB/OKINAWA FLD OFC US FORCES JAPAN CP BUTLER JA PRIORITY
RHMFIUU/USFJ PRIORITY
INFO RUEHFK/AMCONSUL FUKUOKA 8904
RUEHNH/AMCONSUL NAHA 1278
RUEHNAG/AMCONSUL NAGOYA 7120
RUEHKSO/AMCONSUL SAPPORO 9487
RUEHOK/AMCONSUL OSAKA KOBE 2633
RUEHBJ/AMEMBASSY BEIJING 4417
RUEHMO/AMEMBASSY MOSCOW 2425
RUEHUL/AMEMBASSY SEOUL 0407
RUCNDT/USMISSION USUN NEW YORK 0812
RHEHAAA/NSC WASHDC
UNCLAS TOKYO 001984
SIPDIS
STATE FOR I/RF, PA/PR/FPC/W, IIP/G/EA, EAP/PD, R/MR,
EAP/J, EAP/P, PM;
USTR FOR PUBLIC AFFAIRS OFFICE;
TREASURY FOR OASIA/IMI;
SECDEF FOR OASD/PA;
CP BUTLER OKINAWA FOR AREA FIELD OFFICE;
PACOM HONOLULU FOR PUBLIC DIPLOMACY ADVISOR
E.O. 12958: N/A
TAGS: OIIP KMDR KPAO JA
SUBJECT: TOKYO MEDIA REACTION - U.S. FINANCIAL
UNCERTAINTY
1. LEAD STORIES: Front-page items on Thursday morning
include a "busjacking" by a 14-year-old boy.
2. "Temporary Fix Not Enough" The liberal Mainichi
editorialized (7/17): "Will the financial instability
in the U.S. be alleviated? Secretary of the Treasury
Paulson announced emergency measures to address the
concern about a possible resurgence of the financial
crisis caused by the subprime loan problem. Although
the measures include bold steps, such as the rescue of
financial institutions using taxpayer money, the
stability that was regained was only momentary.... We
hope the U.S. government will not be bound by
short-term political considerations and turn its back
to the market but will instead immediately carry out
drastic measures."
CEKUTA