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Japan's PM Kan resigns
Source: Xinhua |
August 26, 2011, Friday
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Online Edition
Online Edition
Japan's Prime Minister Naoto Kan announced resignation as the head of the ruling Democratic Party of Japan (DPJ) today following the passing of the renewable energy bill and the bond-issuance bill at the Japanese parliament.
Kan has suggested that he would quit after securing parliamentary passage of the two bills enabling the government to issue deficit-covering bonds in fiscal 2011 and promote the use of renewable energy.
The ruling Democratic Party of Japan is planning to select its next leader, who is likely to become Japan's sixth prime minister in five years. Japan's finance minister Yoshihiko Noda, industry minister Banri Kaieda are the front runners in the leadership race, while former foreign minister Seiji Maehara has reemerged as another potential candidate to succeed Kan.
Kan has suggested that he would quit after securing parliamentary passage of the two bills enabling the government to issue deficit-covering bonds in fiscal 2011 and promote the use of renewable energy.
The ruling Democratic Party of Japan is planning to select its next leader, who is likely to become Japan's sixth prime minister in five years. Japan's finance minister Yoshihiko Noda, industry minister Banri Kaieda are the front runners in the leadership race, while former foreign minister Seiji Maehara has reemerged as another potential candidate to succeed Kan.
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