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Thursday,
16th
September
2010
In General Japan News,
In General Japan News,
Japanese cabinet reshuffle 'on the cards'
A cabinet reshuffle in Japan could take place before the end of the week, following prime minister Naoto Kan's recent victory in a leadership contest.
Reuters reports that the prime minister has said he will form a new cabinet on Friday (September 17th), but that no indication was given as to which posts will be filled.
A number of reports suggest that foreign minister Katsuya Okada has been asked to fill the role as the party's secretary general.
It has also been suggested that finance minister Yoshihiko Noda will remain in his current role. Japan on Wednesday intervened in the currency markets for the first time since 2004 as the country battles to stop the yen becoming even stronger.
Japan's export-driven economy needs a weaker yen for its goods to be more affordable overseas.
The prime minister defeated Democratic Party of Japan powerbroker Ichiro Ozawa in an internal party election on Tuesday.
Written by Susan Ballion
Reuters reports that the prime minister has said he will form a new cabinet on Friday (September 17th), but that no indication was given as to which posts will be filled.
A number of reports suggest that foreign minister Katsuya Okada has been asked to fill the role as the party's secretary general.
It has also been suggested that finance minister Yoshihiko Noda will remain in his current role. Japan on Wednesday intervened in the currency markets for the first time since 2004 as the country battles to stop the yen becoming even stronger.
Japan's export-driven economy needs a weaker yen for its goods to be more affordable overseas.
The prime minister defeated Democratic Party of Japan powerbroker Ichiro Ozawa in an internal party election on Tuesday.
Written by Susan Ballion
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