Latest Democratic Party of Japan Stories
Japan's newly elected DPJ government may not like U.S.-style market-led reforms, but economists in Japan say more of that may be needed to lift the economy. The Democratic Party of Japan, which won a landslide victory in Sunday's election to the lower house of parliament, and its leader Yukio Hatoyama had campaigned on boosting social welfare and moving away from excessive U.S.
The Japanese yen reached a seven-week high against the dollar Monday, as investors reacted to a shift in political power, a market strategist said. If the Democratic Party of Japan's rise to power also heralds a more active reserve management strategy â€¦ (the) dollar/yen would come under pressure as the country is one of the world's biggest holders of the dollar debt, Geoffrey Yu at UBS told the Financial Times. The Nikkei 225 average in Tokyo spiked early Monday after Sunday's election...
Ruling and opposition parties in Japan agreed to a record $144 billion supplemental budget that will go to a parliamentary vote. Although the spending measure is likely to lose in the upper house, approval in the House of Representatives will carry the measure, as that vote would trump the vote in the
Text of report in English by Japan's largest news agency Kyodo Tokyo, Oct. 13 Kyodo - Ichiro Ozawa, president of the opposition Democratic Party of Japan, was discharged from a Tokyo hospital Monday after a weeklong treatment for complications from a cold, a DPJ official said.
Text of report in English by Japan's largest news agency Kyodo Tokyo, Sept.
By Martin Fackler Prime Minister Yasuo Fukuda's abrupt resignation, the second by a Japanese head of state in under a year, underscores the chronic leadership vacuum plaguing the world's second-largest economy, even as it teeters into recession.
By The Associated Press TOKYO (AP) - Japan's chronically unpopular prime minister abruptly resigned Monday after a yearlong struggle with a deadlocked parliament, leaving the weakened ruling party to grapple with a stalled economy and rising calls for snap elections.The resignation of Yasuo Fukuda, 72, deepened a two-year stretch of political instability at the helm of the world's second-largest economy.
Text of report in English by Japan's largest news agency Kyodo Tokyo, July 14 Kyodo - The largest opposition Democratic Party of Japan officially decided Monday to hold its presidential election on Sept. 21. The decision was made at its executive board meeting.
TOKYO (Reuters) - Japan's beleaguered opposition Democratic party got a shot in the arm late on Sunday when its candidate won a closely fought by-election, boosting the fortunes of new party leader Ichiro Ozawa.
By George Nishiyama TOKYO (Reuters) - Japan's main opposition Democratic Party picked veteran lawmaker Ichiro Ozawa, a one-time ruling party heavyweight, as its new leader on Friday in an effort to restore its tattered credibility with voters.