Shizuka Kamei was stripped of his position as leader of Japan’s People’s New Party after he threatened to pull it out of the coalition government to protest a sales tax increase, the Yomiuri newspaper reported.
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.
Shozaburo Jimi was named as Japanese Financial Services Minister, replacing Shizuka Kamei who quit after new Prime Minister Naoto Kan declined to extend the parliamentary session to pass changes to banking and postal laws.
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.
The head of Citibank Japan Ltd., Darren Buckley, may step down from the post as soon as this month as regulators prepare to punish the bank for the third time since 2004, said two people with knowledge of the situation.