Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Fred Kempe
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Full Focus
Editor's choice
Our best photos from the last 24 hours. Full Article
Images of March
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
George Zimmerman: Prelude to a shooting
25 Apr 2012
Bo bugged phone call to China President Hu: report
2:04am EDT
Apple growth hinges on China, new devices
25 Apr 2012
Hundreds march against Arizona immigration law
3:01am EDT
2nd Heart Attack Grill Victim? Woman Collapses While Eating Burger
24 Apr 2012
Discussed
324
Washington sues Florida city over firefighter tests
216
George Zimmerman: Prelude to a shooting
99
Nugent says had ”solid” meeting with Secret Service
Watched
ExoHand gets to grips with future of automation
Tue, Apr 24 2012
Mitt Romney says he would boot Ben Bernanke - The Trail
Tue, Apr 24 2012
U.N. promotes cooking stove revolution in Nigeria
Mon, Apr 23 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Beyonce: Most beautiful woman
Beyonce is named the world's most beautiful woman of 2012 by People magazine. Slideshow
Poaching in Africa
Poaching is surging, driven by the growing purchasing power of Asia's newly affluent classes. Slideshow
Japan's Ozawa cleared in funding scandal, may challenge PM
Tweet
Share this
Email
Print
Related News
Japan government to submit tax hike plan, heads into political showdown
Fri, Mar 30 2012
Analysis & Opinion
Essential reading: Amazon will collect Nevada sales tax, debating tax cuts, more
Does America really want a third-party candidate?
Related Topics
World »
Japan »
By Tetsushi Kajimoto and Kaori Kaneko
TOKYO |
Thu Apr 26, 2012 3:28am EDT
TOKYO (Reuters) - A Japanese court on Thursday acquitted former ruling party chief Ichiro Ozawa of violating political funding laws, allowing the veteran politician to return to his familiar role of being a thorn in the side of the prime minister.
The verdict by a Tokyo district court will likely add to Prime Minister Yoshihiko Noda's struggle to preserve party unity and push through a contentious sales tax hike plan that Ozawa and his faction in the party fiercely oppose.
Ozawa, 69, whose mastery of backroom deals cut during his four-decade political career earned him nicknames of "Prince of Darkness" and "Shadow Shogun," has suffered a series of setbacks in the past few years.
But he still leads the biggest faction within the ruling Democratic Party and continues to galvanize voters: some admiring him for his knack of shaking things up and others detesting him as a symbol of old-school pork-barrel politics.
All major TV channels broke into their regular programs with the news on the verdict and the Yomiuri Shimbun newspaper published an extra afternoon supplement with the news.
Dozens of his supporters cheered outside the courthouse, carrying placards with his picture on one side and a sign saying "Innocent" on the other.
"I pay my respects to the court for showing common sense and justice, and I thank my comrades and people across the country for supporting me up to today," Ozawa said in a statement.
Analysts say the threat of an early election may prevent Ozawa's backers from revolting against the prime minister, and that the fate of the tax bill rests primarily with the opposition which controls the parliament's upper house.
Markets showed little reaction to the verdict, but bond investors will be watching Ozawa's next steps for any signs that infighting among the ruling Democrats could further delay budget reforms needed to contain Japan's snowballing debt.
"One risk scenario for the government bond market is that Ozawa would try to take down Noda and if that's the case, it could be negative for the market, but it's still early to price in this risk scenario," said Naomi Hasegawa, a senior fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities Co.
NINE LIVES
Throughout the six-month trial Ozawa has denied wrongdoing and prosecutors had originally decided not to charge him due to lack of evidence.
But a judicial panel of ordinary citizens ruled that he must face the charges, prompting his indictment in January 2011 under a system introduced as part of a 2009 judicial reform.
Three of Ozawa's ex-aides were found guilty last year in a case centered on accusations that a body handling his political funds misreported flows linked to a 2004 land deal worth millions of dollars. All are appealing.
But on Thursday, the court ruled that the prosecution, which sought a three-year prison sentence for Ozawa, lacked direct evidence of Ozawa's alleged conspiracy with his aides.
Prosecution lawyers said they were considering whether to appeal. They have two weeks to do so.
The man credited by many for orchestrating the Democrats' historic victory in a 2009 election lost a party leadership race in 2010 to then-prime minister Naoto Kan and in June failed to oust Kan in a no-confidence vote. Last year, a candidate backed by Ozawa to succeed Kan was defeated by Noda.
Many commentators, however, believe that he may no longer be capable of mounting an effective leadership challenge, one reason being the generational shift in his party and voter distaste for the old style politics he came to symbolize.
"Talk about a cat has nine lives. I don't know how many lives Ozawa has, but ever since 1990, he has been creating new parties, failing, creating another one, coming back, so forth and so on," Gerald Curtis, Columbia University professor and author of several books on Japanese politics, said on the eve of the verdict. "So he is not completely finished yet, but I think his leadership role is over."
(Writing by Tetsushi Kajimoto and Tomasz Janowski; Editing by Jonathan Thatcher)
World
Japan
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.