Japanese Prime Minister Yoshihiko Noda faced new challenges to his leadership as a member of the ruling group rejected his plan for a sales-tax boost and opposition widened to his nominee for the central bank board.
The chief of Japan’s People’s New Party, Shizuka Kamei, will step down from her cabinet position with Prime Minister Naoto Kan’s government, Kyodo News reported, citing an unidentified official with the People’s New Party.
Japan’s government should turn Osaka’s old airport into a site to handle administrative functions and economic activities in the event an earthquake or other disaster knocks out Tokyo, a group of lawmakers said.
Naoto Kan , Japan’s first leader in 15 years with no family connection to politics, pledged to draw from his common upbringing to help revive an economy hamstrung by persistent deflation and the world’s biggest public debt .
Japanese Prime Minister Naoto Kan heads a party that has stumbled in the polls, jettisoned the previous leader and may lose its upper-house majority on July 11. His strategy to lure voters: suggest they pay higher taxes.
Shinsei Bank Ltd. , the Japanese lender part-owned by U.S. investor J. Christopher Flowers , replaced four foreign executives after two years of losses, a failed merger and government criticism of the company’s compensation policy.