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Japan: PM resigns − increases likelihood of fiscal easing
Tue, Sep 2 2008, 09:00 GMT
by Flemming J. Nielsen
Prime minister Yasuo Fukuda yesterday resigned after less than a year in office. Contrary to indications in some press headlines today Fukuda's resignation was really not a major surprise. The very unpopular Fukuda was expected to resign eventually to leave room for a new prime minister to prepare the ruling Liberal Democratic Party (LDP) for the next general election to be held before September 2009. That said the timing of the resignation was a surprise coming less than a month after a major cabinet reshuffle and just after the presentation of the governments stimulus package last week.
Published on Tue, Sep 2 2008, 09:04 GMT
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Published On Mon, Nov 24 2008, 15:33 GMT
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