It took 54 years for Japan’s politics to produce a viable opposition party, and 39 months for it to self-destruct after winning power, splintering prospects for an enduring policy-driven two-party system.
Japan’s Prime Minister-elect Naoto Kan appointed Yukio Edano as his party’s No. 2 official, further distancing himself from the political powerbroker whose funding scandals helped bring down the previous administration.
Japan’s ruling party will determine today whether Prime Minister Naoto Kan stays in office or is replaced by Ichiro Ozawa , whose call to boost spending to spur economic growth has roiled the bond market.
Japanese Prime Minister Yoshihiko Noda’s biggest step yet toward winning a sales tax increase aimed at reining in the nation’s public debt came at the cost of alienating one-fifth of his party’s lower house lawmakers.
Yoshihiko Noda has accomplished more than Japan’s five previous prime ministers in his first year in office. He may still lose his job, after dividing his party, outraging anti-nuclear activists and raising taxes.