TOKYO (Reuters) - Japan's defeated Liberal Democratic Party (LDP) on Monday picked a former finance minister as its new leader, handing him the challenge of rebuilding a battered party that had ruled for most of the past 54 years. Despite the LDP's historic election loss last month, many voters say in polls they want to see the healthy revival of the long-dominant party to provide a rival to the novice Democratic Party of Japan, support for which is high -- but fragile. But the fact that the... Read Full Story
Japan's new centre-left Prime Minister Yukio Hatoyama took power on Wednesday in a fresh start for Asia's top economy, which had been under conservative rule for almost all of the post-war era. Hatoyama, head of the Democratic Party of Japan (DPJ), was voted in by parliament two and a half weeks after his party's stunning election victory changed the country's political landscape. "I'm thrilled with the joy of creating history, and at the same time I feel the very grave responsibility for... Read Full Story
Japan's political leaders made final pleas for votes Saturday on the eve of landmark elections expected to end half a century of almost unbroken conservative rule and bring to power a centre-left party. Polls predict the opposition Democratic Party of Japan (DPJ) will trounce Prime Minister Taro Aso's Liberal Democratic Party (LDP), which has been in power for all but 10 months since its founding in 1955. The DPJ could win more than 300 seats in the 480-seat lower house, the Yomiuri Shimbun... Read Full Story
Japan's Democratic Party began talks on Monday on forming a new government, faced with the challenge of reviving the economy and reshaping ties with key allies after its crushing election win. Yukio Hatoyama's centre-left Democratic Party of Japan (DPJ) is under heavy pressure to get to work quickly on addressing the huge hurdles facing the country and pulling it out of its long economic malaise. His team huddled to select cabinet ministers and work on the transition from the government of... Read Full Story
Japan's Democratic Party began talks on Monday on forming a new government, faced with the challenge of reviving the economy and reshaping ties with key allies after its crushing election win. Yukio Hatoyama's centre-left Democratic Party of Japan (DPK) is under heavy pressure to get to work quickly on addressing the huge hurdles facing the country and pulling it out of its long economic malaise. His team huddled to select cabinet ministers and work on the transition from the government of... Read Full Story
TOKYO (Reuters) - Japan groped its way on Wednesday toward a rare handover of power as the untested Democratic Party sought to firm up a coalition with tiny partners after its stunning weekend election victory. Yukio Hatoyama, whose decade-old Democrat Party of Japan (DPJ) beat the long-ruling Liberal Democratic Party (LDP) by a landslide in Sunday's general election, will be voted in as premier on September 16 and should form his cabinet soon after. In a meeting with the top aide to... Read Full Story
Japanese voters swept to power an untested centre-left party on Sunday in an electoral avalanche that ended more than half a century of almost unbroken conservative rule, according to exit polls. The opposition Democratic Party of Japan (DPJ), led by Yukio Hatoyama, was set to storm home with more than 300 seats in the 480-seat lower house of parliament, according to the exit polls of several television stations. Voters frustrated with the government's handling of Japan's worst post-war... Read Full Story
Katsuya Okada, a senior figure in the Democratic Party of Japan (DPJ), will be appointed the nation's new foreign minister, Japan's next prime minister Yukio Hatoyama signalled on Saturday. Hatoyama also plans to tap former health minister Naoto Kan for vice prime minister and the head of the newly-formed National Strategy Bureau aimed at gaining control over the bureaucracy, he told reporters. Hatoyama, who will take office on September 16, said he has already informed Okada and Kan about... Read Full Story
Japan's finance minister said Tuesday the ruling party has lost support in Tokyo and is facing a voter revolt across the nation, suggesting his party could lose to the leading opposition party and fall from power for only the second time in 54 years. The comment by Finance Minister Kaoru Yosano, one of the most senior members in the ruling Liberal Democratic Party, follows a series of public opinion polls indicating the ruling party will lose in a landslide to the opposition Democratic Party... Read Full Story
Katsuya Okada, a senior figure in the Democratic Party of Japan (DPJ), is to be appointed the nation's new foreign minister, newspapers reported on Saturday. Japan's next prime minister, Yukio Hatoyama, has "decided in principle" on the appointment, which will be announced on September 16 when he takes office, the Mainichi Shimbun said, quoting sources close to Hatoyama. Okada, the secretary-general of the party, has personal connections with influential figures in the United States and is... Read Full Story
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