Naoto Kan Japanâ s prime minister

2010-06-04 09:33:47 - Nksagar: New Delh i- June 04,2010 - Former finance ministe
r Naoto Kan the Japan's parliament elected its new leader Friday to head the gov
ernment. after he won an overwhelming victory in the ruling Democratic Party of
Japanâ s presidential election.
Emperor Akihito is to appoint Kan Japanâ 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 Minis
ter Yukio Hatoyamaâ s cabinet.Naoto Kan vowed to revitalize Japan's economy, slippi
ng in the red since fiscal crisis and the investment bubble collapsed in the ear
ly 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 pheno
menon. It resulted from policy mistakes."I believe we can achieve a strong econo
my, strong finances and strong social welfare all at the same time," he said, pl
edging 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 o
f a South Korean warship in March."Japan has a lot of problems, including the No
rth Korean issue," said Kan, stressing that US-Japanese ties remain the "corners
tone" of foreign policy.
He also said he would maintain Japan's goal to cut greenhouse gas emissions by 2
5 per cent by 2020 from 1990 levels, one of the most ambitious targets of any co
untry, and to seek an EU-style Asian community in future.
Kan widely expected to succeed Yukio Hatoyama on Friday, first as president of t
he 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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