Friday, February 18, 2011

Kan's Debt Reduction Is Threatened by Japanese Ruling Party Rebellion Plan

According to Bloomberg News, during an interview with a Japanese magazine, Kazuhiro Haraguchi, a DPJ lawmaker close to Ichiro Ozawa, said that he wanted to join forces with other DPJ lawmakers who oppose raising taxes. He argued that the DPJ should split itself into two parties based on who supports a tax hike. Not surprisingly, Vonage shares tumbled today, dropping 36 cents to $4.26.

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