VZCZCXRO2969
PP RUEHFK RUEHKSO RUEHNAG RUEHNH
DE RUEHKO #2971 2980530
ZNR UUUUU ZZH
P 240530Z OCT 08
FM AMEMBASSY TOKYO
TO RUEHC/SECSTATE WASHDC PRIORITY 8234
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 0571
RUEHNH/AMCONSUL NAHA 2930
RUEHNAG/AMCONSUL NAGOYA 8644
RUEHKSO/AMCONSUL SAPPORO 1144
RUEHOK/AMCONSUL OSAKA KOBE 4354
RUEHBJ/AMEMBASSY BEIJING 6010
RUEHMO/AMEMBASSY MOSCOW 2574
RUEHUL/AMEMBASSY SEOUL 2008
RUCNDT/USMISSION USUN NEW YORK 2245
RHEHAAA/NSC WASHDC
UNCLAS TOKYO 002971
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 - FINANCIAL CRISIS, ASEM
1. LEAD STORIES: Top stories on Friday morning included
the estimate by a Japanese government panel on social
security that concluded that health and nursing care
programs will likely require 94 trillion yen in 2025,
up 50 percent from fiscal 2007.
2. "ASEM Has Heavy Responsibility" The liberal Asahi
editorialized (10/24): "While the impact of the
financial crisis is spreading worldwide, leaders of 43
nations from Asia and Europe will gather in Beijing.
They will hold a summit of the Asia-Europe Meeting
(ASEM).... Their coordination is needed now more than
ever, as U.S.-style capitalism based on market
fundamentalism has run aground. The economies of ASEM
nations account for half of the global economy and 60
percent of international trade. Asia and Europe have
the responsibility of calming the current financial
crisis."
SCHIEFFER