Monday, August 29, 2011

Japan Gets Sixth Prime Minister In Five Years - 29th Aug 2011

Japan's ruling party has elected a new prime minister - the country's sixth in only five years.

Yoshihiko Noda inherits the enormous task of rebuilding Japan after the March 11 earthquake and tsunami amid an expanding national debt.

"Let us sweat together for the sake of the people," the 54-year-old said. "This is my heartfelt wish."

Mr Noda, Japan's current finance minister, will replace Naoto Kan, who quit after nearly 15 months in office.

His time as prime minister was plagued by public discontent over political infighting and his administration's handling of the disasters.

Mr Noda will be formally appointed on Tuesday in parliament's lower house, following a weekend vote by the ruling Democratic Party.

He identified the three most pressing challenges facing Japan as recovering from the tsunami, ending the nuclear crisis and dealing with the strengthening of the yen. Read More