» 09/14/2010, 00.00
Prime Minister Naoto Kan keeps his job as yen reaches 15-year high
Kan’s victory over challenger Ichiro Ozawa for the leadership of the Democratic Party of Japan gives yen a boost, now pegged at 83.25 against the US dollar, the best result since May 1995.
Government change in Tokyo baffles politicians, worries ordinary people
Hatoyama’s resignation is a courageous choice. By pushing his party’s secretary Ozawa to do the same, he is also freeing his successor’s from the burden of a dual power structure. Okinawa was at the heart of a dispute with the United States.
Opposition party embroiled in scandal, fears impact on election
Opposition leader Ichiro Ozawa resigned yesterday as a result of a scandal involving his secretary over alleged illegal campaign financing. No clear frontrunner has emerged in the succession race. Lower house elections are scheduled for next September.
Stress, confusion and criticism sink Shinzo Abe
Prime minister resigns as his political clout declines and stress level rises. Japan turns out to be less nationalistic and more pragmatic. Abe’s legacy includes better relations in Asia, especially with China.
The rise to power Ichiro Ozawa: the "shadow shogun".
A man of undoubted political skills, a history within the Liberal Democrats and as Foreign Minister in the Nakasone government, he later reached leadership of Democratic Party. He left the Party because of trial, but could re-enter. His goal is to become Prime Minister.
Democratic Party of Japan: war between Ozawa and Kan
Choice of party president and subsequently also of prime minister looms. Ichiro Ozawa is suspected of being close to the business and military communities; Naoto Kan has established a more democratic tradition closer to society's problems. Meanwhile the Japanese economy suffers from the crisis and a strong yen.
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