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US, Japan relations unaffected by PM's resignation: US

AFP - 2 Jun, 2010
WASHINGTON â€" The White House said Wednesday Japan was one of America's "best friends" in the world, and that the relationship would not be adversely affected by the departure of Prime Minister Yukio Hatoyama. Hatoyama stepped down after a brief tenure ...

FOREX-Yen falls as weakening feared as Japan PM resigns

Reuters - Vivianne Rodrigues - 2 Jun, 2010
NEW YORK, June 2 (Reuters) - The yen fell on Wednesday as the resignation of Japanese Prime Minister Yukio Hatoyama raised concerns about the outlook for the currency, because his likely successor has said in the past he wanted a ...

Japan's PM resigns after failure to move US base

USA Today - Calum McLeod - 2 Jun, 2010
By Yoshikazu Tsuno, Getty Images By Calum McLeod,, USA TODAY BEIJING â€" In the end, a little bird told him â€" and Japan lost its fourth prime minister in four years. During a rambling resignation speech in Tokyo on Wednesday, Prime Minister Yukio ...

Hatoyama Ouster Leaves Japan Again Seeking Leader With 'Vision'

Bloomberg - John Brinsley - 2 Jun, 2010
June 3 (Bloomberg) -- Yukio Hatoyama overturned half a century of one-party politics when he led his Democratic Party of Japan to power nine months ago. Yesterday he showed he's much like his predecessors by becoming the fourth premier ...

Japan-US alliance won't be affected by PM resignation: White House

Kyodo News - 2 Jun, 2010
The Japan-US alliance will not be affected by the resignation of Japanese Prime Minister Yukio Hatoyama, the White House said Wednesday. To access full stories on Kyodo News English website, it is necessary to subscribe. ...

Japanese prime minister steps down over failed Okinawa pledge

Telegraph.co.uk - Danielle Demetriou - 2 Jun, 2010
Japan's prime minister stepped down yesterday just eight months after he had swept to power in an historic victory with bold promises to bring change to the country. Yukio Hatoyama's brief term was tainted by failed election pledges and financial ...

Factbox: Japan's "revolving door" prime ministers

Reuters - Chisa Fujioka, Miral Fahmy - 2 Jun, 2010
TOKYO (Reuters) - Japanese Prime Minister Yukio Hatoyama said on Wednesday he would resign after just eight months in office after a slide in the polls threatened his party's chances in an election expected next month. The ruling Democratic Party will ...

Japan's Crisis of Competence

Wall Street Journal - 2 Jun, 2010
For all of Yukio Hatoyama's flaws as prime minister, he can count one significant achievement: His Democratic Party of Japan brought an end to the Liberal Democratic Party's 55-year stranglehold on Japanese politics. Now, with Mr. Hatoyama's ...

Change in Japan will not weaken alliance: White House

Reuters - Alister Bull, Patricia Zengerle - 2 Jun, 2010
PITTSBURGH (Reuters) - The change in Japan's leadership will not weaken the US alliance with Japan, a White House official said on Wednesday. Japanese Prime Minister Yukio Hatoyama and his powerful ruling party No. 2 resigned to try to boost their ...

Next Japan Leader May Push for Weaker Yen

Wall Street Journal - Andrew Monahan - 2 Jun, 2010
A new administration in Japan could orchestrate a weaker currency and bring about greater fiscal discipline at a time when the country's economic recovery remains vulnerable to a strong yen and sovereign debt jitters. ...

Japan politics shaken by PM Hatoyama's resignation

The Associated Press - Eric Talmadge - 2 Jun, 2010
TOKYO â€" The hasty departure of Prime Minister Yukio Hatoyama after only eight months in office could paralyze Japanese politics or force the creation of a new ruling coalition, analysts said Wednesday, with key elections looming and the battle over the ...

Japan PM steps down in bid to help DPJ gain political ground before election

Telegraph.co.uk - Julian Ryall - 2 Jun, 2010
By stepping down as Japan's prime minister on Wednesday, Yukio Hatoyama has done the honourable thing and given his party a chance to claw back some political ground ahead of elections next month. By Julian Ryall in Tokyo Whoever replaces the man who ...

Failed Promise Pushes Japanese PM to Resign

Voice of America - Akiko Fujita - 2 Jun, 2010
Last year, he pledged to move a controversial US military base off the southern island of Okinawa, a pledge he could not keep. Photo: AP Japanese Prime Minister Yukio Hatoyama's resignation is in large part the result of promising too much. ...

Japanese Premier resigns

The Hindu - 2 Jun, 2010
Japan's centre-left Prime Minister Yukio Hatoyama resigned on Wednesday, citing his failure to stay attuned to the people's wishes. His political stock recently fell below the 20 per cent mark from a one-time high of 70 per cent in the opinion polls. ...

Japan's prime minister steps down

CNN - Yoko Wakatsuki, Kyung Lah - 2 Jun, 2010
Tokyo, Japan (CNN) -- Japanese Prime Minister Yukio Hatoyama announced Wednesday he will resign after eight months in power. "I'm going to step down," Hatoyama declared in a live broadcast on Japanese television NHK, while addressing party members of ...

Japan watches as another 'hereditary' prime minister waves goodbye

The Guardian - 2 Jun, 2010
The revolving door leading into the office of the prime minister of Japan has turned again, for the fourth time in as many years. Today's announcement by Yukio Hatoyama that he will resign after just eight months in the job has some looking back ...

Nikkei Drops 1.1%; Indian Shares Rise

Wall Street Journal - Leslie Shaffer - 2 Jun, 2010
Japanese shares finished lower Wednesday, as a sharp morning climb after the resignation of Prime Minister Yukio Hatoyama gave way to afternoon declines. Elsewhere, markets were mixed amid continued concerns about euro-zone debt problems. ...

The implications of Hatoyama's downfall for the US-Japan alliance

Foreign Policy - Dan Twining - 2 Jun, 2010
A new year, another new Japanese prime minister. Prime Minister Yukio Hatoyama's resignation makes him the fourth Japanese leader in four years to fall from power. What are the implications for the US-Japan alliance? First, Hatoyama misread the ...

Japan's PM Resigns Over US Base Row

ABC News - Margaret Conley - 2 Jun, 2010
Last week, shortly following South Korea's claim that North Korea torpedoed one of their ships in neighboring water, Tokyo agreed to allow the base to remain on Okinawa. The about face by the prime minister sent his approval ratings ...

Yen's Decline to 100 Versus Dollar Is Unlikely, Options Show

BusinessWeek - Mary Childs - 2 Jun, 2010
June 2 (Bloomberg) -- Further decline in the yen following the resignation of Japan's Prime Minister Yukio Hatoyama may be limited, implied volatility from options trading monitored by Bloomberg show. The likelihood the currency will ...

FOREX-Yen falls as Japan PM quits; euro down on Noyer comments

Reuters - Satomi Noguchi, Anirban Nag - 2 Jun, 2010
TOKYO, June 2 (Reuters) - The yen fell on Wednesday after Japanese Prime Minister Yukio Hatoyama's resignation stoked expectations that his likely successor, the finance minister, would take a tougher stance in fighting yen strength. ...

The Fall of Hatoyama

American Conservative Magazine - Daniel Larison - 2 Jun, 2010
When the DPJ won their landslide victory last year, I was quite sure that Hatoyama's government would make alliance-related issues a priority. At the time, there was a lot of skepticism that Hatoyama would make much of an effort to follow through on ...

Japanese prime minister Yukio Hatoyama steps down

Continental Daily - 2 Jun, 2010
Japan's prime minister stepped down yesterday just eight months. Yukio Hatoyama's brief term was spoiled by failed election pledges and financial scandals. An emotional Yukio Hatoyama apologized to the Japanese Wednesday, saying he had failed to keep ...

Yen falls, Nikkei rises as Japan PM says will quit

Reuters - Satomi Noguchi, Masayuki Kitano - 2 Jun, 2010
TOKYO June 2 (Reuters) - The yen fell broadly after Japanese Prime Minister Yukio Hatoyama said he intends to resign, prompting investors to sell the currency on the view that political instability would make the economy more dependent on the Bank of ...

Japan PM Hatoyama 'to step down'

BBC News - 2 Jun, 2010
Japanese Prime Minister Yukio Hatoyama has announced his resignation after just eight months in office. It comes after he broke an election pledge to move an unpopular US military base away from the island of Okinawa. Mr Hatoyama's Democratic Party of ...

Hatoyama Failed as PM but Set Japan on a New Course

TIME - Bill Powell - 2 Jun, 2010
We've long since learned that Prime Ministers of Japan come and go so often, it's practically an annual event, like the cherry blossoms blooming in Tokyo's Ueno Park or the ball dropping in Times Square on New ...

Familiar Pattern Continues in Japan Politics

Voice of America - Steve Herman - 2 Jun, 2010
Photo: AP It was a familiar sight - a Japanese prime minister, displaying more emotion than previously seen during his brief and tumultuous tenure, announcing for the good of his party and country that he was stepping down. ...

Japan PM faces pressure to quit

BBC News - ‎Jun 1, 2010‎
Japan's Prime Minister Yukio Hatoyama has said he will not resign, despite growing criticism from his own party. Mr Hatoyama said he would continue to tackle the problems faced by Japan and to do "what is best" for the country. ...

WORLD FOREX: Yen Falls As Japan PM Says Will Quit

Wall Street Journal - Andrew Monahan - 2 Jun, 2010
TOKYO (Dow Jones)--The yen fell against the dollar and euro in Asia Wednesday as short-term players sold the Japanese currency after the resignation of Japan's Prime Minister Yukio Hatoyama dented its safe-haven ...

Japan Stocks Gain, Yen Falls

Wall Street Journal - Ayai Tomisawa, Andrew Monahan - 2 Jun, 2010
TOKYOâ€"Japanese shares gained but the yen weakened on Prime Minister Yukio Hatoyama's surprise announcement Wednesday that he's stepping down, suggesting that the two markets have different takes on ...

 

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