InsideJapan News Network
Tuesday,
13th
July
2010
In Events In Japan,
In Events In Japan,
New Japanese PM suffers poll shock
Japan's new prime minister, former financial minister Naoto Kan, has suffered a blow in recent polls which could have an impact on the nation's credit rating.
The new leader of the Democratic Party of Japan and its coalition have lost their overall majority in the upper house in Japanese parliament less than 12 months after coming to power. The election of the fairly liberal party was a big change by voters in Japan, a nation ruled by the much more conservative Liberal Democratic Party for decades.
Kan's party will still have control of the lower house of parliament but will now need the back up of other parties if they are to get their bills through the upper house. However, support for Kan among his opposition leaders may be hard to come by, with many calling for an election in the lower house too.
As the country's former finance minister, Kan has been outspoken about Japan's money worries - but many feel his doom-laden predictions are exaggerated despite the fact that Japan's national debt is now almost double the size of its annual economic output.
Written by Kimberley Homer.
Related news stories:
Sony to launch new PSP in Japan (3rd September 2008)
Democratic Party of Japan to choose new PM (22nd August 2011)
Prince Charles plans 'low-key' visit to Japan (9th October 2008)
New flights to Japan launched (22nd November 2010)
Gaming firm announces new controllers (15th December 2009)
The new leader of the Democratic Party of Japan and its coalition have lost their overall majority in the upper house in Japanese parliament less than 12 months after coming to power. The election of the fairly liberal party was a big change by voters in Japan, a nation ruled by the much more conservative Liberal Democratic Party for decades.
Kan's party will still have control of the lower house of parliament but will now need the back up of other parties if they are to get their bills through the upper house. However, support for Kan among his opposition leaders may be hard to come by, with many calling for an election in the lower house too.
As the country's former finance minister, Kan has been outspoken about Japan's money worries - but many feel his doom-laden predictions are exaggerated despite the fact that Japan's national debt is now almost double the size of its annual economic output.
Written by Kimberley Homer.
Related news stories:
Sony to launch new PSP in Japan (3rd September 2008)
Democratic Party of Japan to choose new PM (22nd August 2011)
Prince Charles plans 'low-key' visit to Japan (9th October 2008)
New flights to Japan launched (22nd November 2010)
Gaming firm announces new controllers (15th December 2009)
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