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UNCLAS SECTION 01 OF 02 TOKYO 002737 
 
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. BAILOUT PLAN 
 
¶1. LEAD STORIES: All Wednesday morning papers led with 
the worldwide stock plunge on Tuesday and President 
Bush's statement on Tuesday urging Congress to take 
action. 
 
¶2. "U.S Should Realize Its Responsibility to The World" 
The liberal Asahi editorialized (10/1): "...If the U.S. 
kills the bailout bill, the global financial system 
could be thrown into turmoil. The U.S. government and 
Congress should realize their responsibility. They need 
to agree on amendments to the bill and pass it by the 
end of this week." 
 
¶3. "Wake up to the Deepening Crisis!" The liberal 
Mainichi insisted in an editorial (10/1): "...It's time 
for U.S. lawmakers to take the alarm in the market 
seriously and realize the seriousness of the situation. 
The crisis is too grave for them to be trapped by 
ideological debates or interests in their 
constituencies. We hope that the Bush administration 
and Congress will make maximum efforts to revive the 
financial rescue plan before it becomes too late." 
 
¶4. "USG and Congress Should Move Quickly" The moderate 
Yomiuri editorialized (10/1): "Some people say the 
global economy is on the verge of panic. The U.S.- 
originated financial crisis should be averted by all 
available means. The U.S. government and Congress 
should realize their responsibility, as the subprime 
loan crisis broke out in the U.S. They should swiftly 
enact the bailout bill." 
 
¶5. "U.S. Should Take Responsible Action to Avoid 
Financial Panic" The business-oriented Nikkei argued in 
an editorial (10/1): "Market players throughout the 
world must have been dumbfounded. The U.S. House of 
Representatives rejected on Monday the bailout bill, 
which was put forward to deal with the financial 
crisis. The irresponsible rejection showed a lack of 
understanding that the action could trigger worldwide 
financial panic. The U.S. government and Congress 
should swiftly pass an amended bill while maintaining 
their basic policy of buying troubled assets with 
public funds." 
 
¶6. "U.S. Should Take Responsibility as Epicenter of 
Financial Crisis" The conservative Sankei's editorial 
said (10/1): "...The rejection was unexpected, as the 
government and congressional leaders had reached a 
tentative agreement... What needs to be done is clear. 
The government and Congress should hold another 
discussion to quickly put forward amendments to the 
bill." 
 
¶7. "U.S. Should Be Responsible for World Economy" The 
liberal Tokyo Shimbun editorialized (10/1): "Stock 
prices in the markets throughout the world plunged 
following the rejection by the U.S. House of 
Representatives of the bailout bill, which was aimed at 
rescuing troubled financial institutions. The U.S. 
government and Congress should realize their 
responsibility for the global economy and move quickly 
to amend the bill." 
 
 
 
TOKYO 00002737  002 OF 002 
 
 
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