Breaking News

Yoshihiko Noda wins Japan leadership race

29 Aug 2011 - {{hitsCtrl.values.hits}}

Japan's governing Democratic Party (DPJ) has chosen Finance Minister Yoshihiko Noda as its leader, lining him up to become the country's sixth prime minister in five yearsMr Noda secured victory in a run-off against Trade Minister Banri Kaieda, after a first-round vote in which no candidate won a clear majority.

Prime Minister Naoto Kan announced his resignation on Friday.He has been criticised for his handling of the quake aftermath.

Mr Noda, 54, is expected to be confirmed by parliament as prime minister on Tuesday.He secured 215 votes in the ballot against Mr Kaieda's 177 votes.

Supporters of public favourite Seiji Maehara - the former foreign minister who was eliminated in first-round voting - threw their support behind Mr Noda in the second ballot.

Mr Kaieda was backed by scandal-hit party heavyweight Ichiro Ozawa, who controls the DPJ's biggest faction.

Large parts of Japan need to be rebuilt after March's earthquake and tsunami, and the crisis at the crippled Fukushima nuclear power plant still needs to be resolved.

Added to that, Mr Noda, a fiscal conservative, will need to address Japan's stagnant economy.

He has said in the past that he favours raising funds through increased taxation - including a doubling of Japan's sales tax, which currently stands at 5% - to cut debt and meet social security commitments.

Unlike Mr Kan, he wants Japan's halted nuclear reactors to be restarted and has not backed his call for a nuclear-free Japan.

"Let us sweat together for the sake of the people," he said after the vote. "This is my heartfelt wish."(BBC)

Breaking News

Yoshihiko Noda wins Japan leadership race

Most Popular Articles

More arrests of lawyers, politicians and senior police officers

Former National Lotteries Board Chairperson Shyamila Perera arrested

Girl visited her lover, gang raped by lover and his friends

Updated World Test Championship standings after West Indies’ record win over Sri Lanka

Historic locomotive move between Kandy and Peradeniya without tracks

Country loses US $ 1 billion in fraudulent transactions, certain banks involved

Latest News

Kelani Valley train services to resume from today

Private bus driver arrested following reckless road race in Kotavila

Sri Pada off-season entry restricted to two routes; Pass made mandatory

Vedda Chief wants permanent solution to human-elephant conflict

NTC announces new bus fare hike effective July 6