The DPJ's biggest enemy

The economy:

Nowhere are yields as low as in Japan’s debt market and nowhere are returns higher as Prime Minister Yukio Hatoyama’s government fails to stop deflation. Bloomberg.

And it (deflation) is back and here to stay for a while, according to the article. If you can buy some bonds, though, you may be less concerned.

More good news:

Japan is running the gauntlet of a sovereign ratings cut after Fitch Ratings said it might downgrade the country if it significantly exceeded its new issuance target [44 billion yen for the next fiscal year]...

...the government will likely face the daunting task of either scaling back some of its policies or seeking additional sources of funding. Reuters.