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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 Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Japan's PM, Cabinet resign By ERIC TALMADGE,Associated Press Writer AP - Wednesday, September 16 TOKYO - Japan's Prime Minister Taro Aso and his Cabinet resigned Wednesday to pave the way for parliament to elect Yukio Hatoyama as the country's next leader. ADVERTISEMENT The top officials resigned after holding their final Cabinet meeting early Wednesday morning, the prime minister's office said. The resignations were a formality so that parliament's lower house, now controlled by Hatoyama's party following their landslide election victory last month, can vote him in as Japan's prime minister. Hatoyama's victory ends more than 50 years of nearly unbroken rule by Aso's Liberal Democratic Party. Hatoyama, head of the left-of-center Democratic Party of Japan, has promised to shake up Japan's political system, cutting government waste, reinvigorating the world's second-largest economy and focusing policies on consumers, not big business. Parliament was to convene in a special session later in the day to formally select the new prime minister. Hatoyama's party controls 308 of the 480 seats in the body's lower chamber, which selects the prime minister, virtually assuring him of the post. "I am excited by the prospect of changing history," Hatoyama said early Wednesday. "I also feel the weight of the responsibility of making history." He will have a tough job ahead. His first task would be to name a Cabinet. Media reports said he had already chosen Katsuya Okada as his foreign minister and Hirohisa Fujii as his finance minister. Though Okada has never held a Cabinet post, Fujii was finance minister under a coalition government in 1993-94, the only time in its 55-year history that the Liberal Democrats had previously been ousted from power. Hatoyama has a limited pool of seasoned politicians to choose from. His party, created a decade ago, has never held power, and nearly half of the Democrats' members of the lower house will be serving in their first terms in parliament. Though largely untested in power, Hatoyama and his party face huge tasks that they must deal with quickly. Japan's economy is in its worst slump since World War II, unemployment is at a record high and wages are falling. The rapid aging of its population also threatens to be a drag on public coffers as the number of taxpayers decreases and pension responsibilities swell. "The economy is in very difficult shape, so we must work hard to improve it," said Mieko Tanaka, one of the Democratic Party's new lawmakers. Hatoyama will also be tested quickly on the diplomatic front. He has said he wants to attend a meeting in the United Nations in New York next week and possibly meet with President Barack Obama. Hatoyama has said he wants to build a foreign policy that will put Tokyo on a more equal footing with Washington and force closer ties with Japan's Asian neighbors, particularly China. Some members of Hatoyama's party have said they want to overhaul the U.S.-Japan security alliance under which 50,000 troops are deployed throughout Japan. That idea has met with strong opposition from Washington, although plans are already underway for 8,000 Marines to be relocated from the southern island of Okinawa to the U.S. territory of Guam. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Asia Pacific Japan parliament convenes to elect prime ministerAP - Wednesday, September 16 Chinese city aims for media openness: state pressAFP - Wednesday, September 16 Japan's new PM, cabinet to take powerAFP - Wednesday, September 16 Climate protesters board ship off NZAP - Wednesday, September 16 War-weary Asian nations offer new treats for touristsAFP - Wednesday, September 16 Most Popular – Asia Pacific 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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