VZCZCXRO2265
PP RUEHFK RUEHKSO RUEHNAG RUEHNH
DE RUEHKO #3066 3090552
ZNR UUUUU ZZH
P 040552Z NOV 08
FM AMEMBASSY TOKYO
TO RUEHC/SECSTATE WASHDC PRIORITY 8499
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 0748
RUEHNH/AMCONSUL NAHA 3112
RUEHNAG/AMCONSUL NAGOYA 8810
RUEHKSO/AMCONSUL SAPPORO 1321
RUEHOK/AMCONSUL OSAKA KOBE 4531
RUEHBJ/AMEMBASSY BEIJING 6169
RUEHMO/AMEMBASSY MOSCOW 2589
RUEHUL/AMEMBASSY SEOUL 2165
RUCNDT/USMISSION USUN NEW YORK 2383
RHEHAAA/NSC WASHDC
UNCLAS TOKYO 003066
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 - NAGORNO-KARABAKH
CONFLICT AND FINANCIAL CRISIS
1. LEAD STORIES: Top items on Tuesday morning included
the U.S. presidential election, with papers saying that
Sen. Obama appears to be leading Sen. McCain in many
states.
2. "Russia Playing up Results of Mediation" The top-
circulation, moderate Yomiuri wrote from Moscow (11/4):
"The political declaration concerning the Nagorno-
Karabakh conflict brokered by Russian President
Medvedev and signed by the presidents of Azerbaijan and
Armenia falls far short of setting a roadmap for
resolving the dispute. Rather, it only allows Russia to
trumpet the results of its mediation efforts. Russia,
by leading the arbitration process, hopes to maintain
its clout in the Caucasus region."
3. "Lessons from Great Depression" The liberal Tokyo
Shimbun editorialized (11/3): "From the U.S. viewpoint,
maintaining America's leadership in the global
financial system based on the U.S. dollar that has
lasted for more than 60 years must be the foremost
goal. On the other hand, Europe, which has nurtured the
euro, is ready to take advantage of the current
financial crisis to increase its profile. In a
worst-case scenario, the two sides might engage in a
tug-of-war over financial hegemony.... No state can
enjoy prosperity in the absence of coordination with
others, nor can it be well-off at the expense of
others. Joining hands to overcome difficulties is the
only way forward."
SCHIEFFER