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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Fujii accepts job as Japan finance minister AFP - Wednesday, September 16 TOKYO (AFP) - - Hirohisa Fujii, a 77-year-old former bureaucrat who has railed against wasteful public spending, said Wednesday he had accepted the job of Japanese finance minister under incoming premier Yukio Hatoyama. ADVERTISEMENT "I'm pleased to accept the offer," he told reporters outside his home, hours before a historic change of power in the world's number two economy, which is struggling to recover from its worst slump in decades. "My view on life is that if you square your shoulders too much, your body becomes stiff. I'll work while being relaxed," he said. The veteran lawmaker was briefly finance minister once before in the early 1990s. He spent more than two decades with the finance ministry before entering politics -- experience that is likely to prove useful in his Democratic Party's efforts to reduce the iron grip of the bureaucrats on the economy. Fujii "seems to be a very safe pair of hands," said Noriko Hama, a professor of economics at Doshisha Business School in Kyoto. As a former bureaucrat "he knows all the ropes -- how to work with or work against the bureaucracy. Sending a man with a bureaucratic background to tackle the civil service is quite a creative idea," she said. Fujii has been vocal in attacking the outgoing government's stimulus package, vowing to redirect what his party deems to be wasteful spending. He has also said that in principle the government should refrain from intervening in the currency market to curb the strength of the yen and protect the country's exporters. A law graduate of the prestigious University of Tokyo, he won a seat in parliament for the first time in 1977 with the Liberal Democratic Party, which is now heading into opposition for only the second time since 1955. Fujii has since held various senior positions within the Democratic Party, which won a landslide election victory on August 30. Most recently he was a senior adviser to the party. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Pakistan drops 35 pct duty on wheat product exportsReuters - Wednesday, September 16 Cummins India workers go on strike in PuneReuters - Wednesday, September 16 NEW ISSUE-PTC Financial selling 1 bln rupees of bondsReuters - Wednesday, September 16 Q+A-How will the new Japan govt affect banking, markets?Reuters - Wednesday, September 16 Australia's NAB to issue US$500 mln in hybrid tier 1Reuters - Wednesday, September 16 Enlarge Photo Fujii accepts job as Japan finance minister Most Popular – Business Viewed Mafia sank boat with radioactive waste: official Remains of Jesus-era synagogue found in Israel Obama lashes out at Wall Street Depression harms cancer survival rates: study Nestle warns of possible exit from Switzerland View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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