More than 30 months after an earthquake triggered the world’s worst nuclear disaster in a quarter of a century, Prime Minister Shinzo Abe is being told by his own party that Japan’s response is failing.
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.
Japanese Prime Minister Naoto Kan sparked a succession race after announcing his resignation, undone by a backlash over his handling of the March earthquake and tsunami that spawned the nation’s deepest postwar crisis.
A group of ruling party lawmakers called on the Bank of Japan to set an inflation target of above 2 percent and asked the government to name central bank board members who favor the move when two seats open up in April.
Japan’s ruling party today chooses Naoto Kan’s successor as prime minister following weekend debates that revealed differences over how to cover the costs of rebuilding from the March 11 earthquake and a nuclear meltdown.
Japan’s Finance Minister Yoshihiko Noda joined former Foreign Minister Seiji Maehara in vying to become the next prime minister, as the downgrade of the country’s credit rating adds pressure on the country’s next leader to deal with the world’s largest public debt burden.