10/25/2014

Greedy on Sex and Money

Responding a call “Next on the line!” new Minister of Economy, Trade and Industry took one step forward. Within scandal-suffering Shinzo Abe Cabinet, METI Minister, Yoichi Miyazawa, was spotlighted as a victim of next scandal. His office had paid for a sado-masochistic bondage bar from his budget of governmentally-procured political funds. While the people was wondering how that kind of bar was related to his political activity, Miyazawa insisted on denying his visit, saying “I don’t have such a taste.” We are not interested in your private sexual behavior, Mr. Minister.

According to political money report, Miyazawa’s money management organization spent about ¥18 thousand at a bondage bar in Hiroshima city in 2010. Because there was no mistake in the report, it was not illegal. However, everybody would wonder why the office of a member of House of Councillors had to pay political money for a bar with a taste of perverted sex.

Miyazawa had to explain about his money immediately. “I have not been there and I don’t know the name of the bar,” told Miyazawa, “It looks like someone in my office falsely spent it.” It is understandable for a staff to make a false description. But it was a false spending. Acknowledging it or not, Miyazawa admitted that his office actually paid political money for the bar.

Another arrow pierced him. The opposite parties started accusing Miyazawa of possessing six hundred stocks of Tokyo Electric Power Company, an ailing enterprise after breaking up its First Fukushima Nuclear Power Plant. METI is deeply involved in energy policy and closely connected with TEPCO’s interest. After the disaster in Fukushima, TEPCO was salvaged from jeopardy of bankruptcy, with a cause of maintaining economic stability. At that time, bankruptcy would cause great confusion, because TEPCO’s property must firstly be sold for compensation for stockholders, inviting money shortage in compensation for sufferers of the accident in Fukushima.

As a stockholder, Miyazawa is doubted to promote protective policies for TEPCO. On this issue, Miyazawa made a strange comment again. “I am making a process for entrusting my stocks, not to trade while I am on this job,” told Miyazawa. It is not about whether you will sell your only six hundred stocks. It’s about that you are a stakeholder of TEPCO’s future.


It was an event happened just a few days after former METI Minister had stepped down and Miyazawa succeeded. An embarrassing label on new METI minister would be greedy man on sex and money.

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