Japan Ruling Party Picks Yoshihiko Noda as Prime Minister

By on Aug 29, 2011 in Asia, Current Events, International Comments

Yoshihiko Noda
Image Credit: dpj.or.jp

TOKYODemocratic Party (DPJ), Japan’s ruling party, elected on Monday, August 29,2011 Finance Minister Yoshihiko Noda to be Japan’s next prime minister, over four rival candidates, according to Japan Times Online.

DPJ’s presidential election was held after Naoto Kan, incumbent party chief and prime minister, announced his resignation last Friday, August 26,2011.

Initial round of election resulted to two contender for the highest post. Banri Kaieda, 62, backed by Ichiro Ozawa and his allies, got 143 votes, followed by Yoshihiko Noda, with 102 votes.

The three other contenders were former Foreign Minister Seiji Maehara, 49, farm minister Michihiko Kano, 69, and former transport minister Sumio Mabuchi, 51.

In the final selection between Yoshihiko Noda and Banri Kaieda, Yoshihiko Noda won with final vote tally of 215 to 177, over the trade minister, Banri Kaieda.

Yoshihiko Noda is being expected to win a vote in parliament on Tuesday to formally become the next prime minister of Japan, replacing Naoto Kan.

Yoshihiko Noda told reports he believes that Japan needs to join European Union and the United States in rectifying spending imbalances in order to overcome the current instability in global financial markets.

He will serve Naoto Kan‘s term as head of the DPJ until September next year.

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