Word: ldp
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Dates: during 2000-2009
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...economic might, the end had come with a whimper. But even stranger was the reason Abe gave during a Sept. 12 speech announcing his intent to step down as Japan's leader. In his tumultuous yearlong tenure, Abe weathered a stunning parliamentary defeat for his ruling Liberal Democratic Party (LDP) coalition, the resignations of four of his Cabinet members, the suicide of his corruption-tainted Agriculture Minister and a scandal over the mishandling of more than 50 million pension-fund accounts. None of these crises, Abe maintained, directly prompted his plans to depart once the LDP chooses...
...cats were profiting from the recovery. On July 29, the public delivered its verdict at the polls. For the first time in 52 years, opposition forces led by Ozawa's Democratic Party of Japan (DPJ) wrested control of the Upper House of the Diet, Japan's parliament, from the LDP. The drubbing echoed a lesson that former U.S. President George H.W. Bush learned back in 1992 when he was booted from office. "It's the economy, stupid," says Richard Katz, the New York-based editor of the Oriental Economist Report. "Up until his very last day, Abe showed just...
...political deathwatch on Japanese Prime Minister Shinzo Abe began minutes after his ruling Liberal Democratic Party (LDP) suffered a historic defeat in elections at the end of July, leaving the opposition in charge of the legislature's upper house for the first time in Japan's postwar history. Abe resisted immediate calls for his resignation and seemed ready to battle for his job in the face of public antipathy. But on Sept. 12 the "fighting politician," as Abe liked to call himself, suddenly lost his stomach for the fight and submitted his resignation to a shocked Japan. "The people need...
...LDP will choose a new leader--and the next Prime Minister--on Sept. 19, and the odds-on favorite is former Foreign Minister Taro Aso, who emerged as Abe's most influential Cabinet member. That decision could be followed by early legislative elections, and unless the LDP can quickly turn its fortunes around, it could find itself out of power for only the second time in its 52-year history. "The true nature of the LDP--a dying body on life support--has been exposed by Abe's resignation," says political analyst Hirotada Asakawa...
...economy and failing pension system than the war on terror, which was never popular in Japan, and concerns grew that the country had become too close to the U.S. Abe never adjusted his priorities, and he paid the price at the polls. Though he said that the LDP would still fight to renew the Afghanistan bill, insiders have suggested the party may withdraw the bill in the face of opposition from the DPJ and the public. If that happens, Japan will likely return to the arm's-length relationship it had with America for most of the Cold...