Friday, June 4, 2010

Naoto Kan Japan’s prime minister

Naoto Kan Japan’s prime minister
2010-06-04 09:33:47 - Nksagar: New Delh i- June 04,2010 - Former finance
minister Naoto Kan the Japan's parliament elected its new leader Friday to head the government. after he won an overwhelming victory in the ruling Democratic Party of Japan’s presidential election.

Emperor Akihito is to appoint Kan Japan’s 94th premier later Friday.
Kan came into politics from the civil liberties movement and made a name for him in 1996 when, as health minister, he led a campaign to bring a scandal over HIV-tainted blood products to light.

Kan served as finance minister and deputy prime minister in outgoing Prime Minister Yukio Hatoyama’s cabinet.Naoto
Kan Kan vowed to revitalize Japan's economy, slipping in the red since fiscal crisis and the investment bubble collapsed in the early 1990s.

"For the past 20 years, the Japanese economy has been at a standstill," said Kan. "Growth has stopped. Young people can't find jobs. This is not a natural phenomenon. It resulted from policy mistakes."I believe we can achieve a strong economy, strong finances and strong social welfare all at the same time," he said, pledging to reduce Japan's huge public debt which is nearing 200 per cent of gross domestic product.

On foreign policy, Kan pointed at the threat posed by communist North Korea, the isolated and nuclear-armed regime that has been blamed for the deadly sinking of a South Korean warship in March."Japan has a lot of problems, including the North Korean issue," said Kan, stressing that US-Japanese ties remain the "cornerstone" of foreign policy.

He also said he would maintain Japan's goal to cut greenhouse gas emissions by 25 per cent by 2020 from 1990 levels, one of the most ambitious targets of any country, and to seek an EU-style Asian community in future.

Kan widely expected to succeed Yukio Hatoyama on Friday, first as president of the ruling centre-left Democratic Party of Japan and then, after a parliamentary vote, as Prime Minister.Tokyo stocks rose more than three per cent today, driven in part by news Kan was likely to take over as premier, brokers said.

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