TOKYO - Japanese Prime Minister Naoto Kan's political future is already on shaky ground following his first election since taking office a month ago. His Democratic Party of Japan took a severe blow in Sunday's Upper House elections, with voters turning once again to the country's longstanding political hegemon, the Liberal Democratic Party.
Still, the biggest surprise in yesterday's voting was the strong showing of the start-up Your Party, indicating that while much of the Japanese electorate is yearning for change and strong leadership, their faith in the two major political parties is fast dwindling. Judging from the reaction of financial markets, the latest results have done little to bolster investors' confidence in Japan's ability to weather ongoing challenges in the global economy, particularly with the possibility of a double-dip recession looming. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Diplomatic Fallout: No Passing Fad, Russia-China Friendship Puts West in a Bind
- New Growth for Nuclear Energy Depends on Asia
- Global Insights: U.S., Japan Update Defense Guidelines to Expand Operations
- World Citizen: With Hong Kong Protests, China Confronts Fateful Choice
- Defying Predictions, China Manages Slowdown to Avoid Social Shocks