Shinzo Abe Elected Japanese Prime Minister
December 26 , 2012
Japan's Prime Minister Yoshihiko Noda resigned on Wednesday and former Japanese Prime Minister Shinzo Abe was re-elected by the Japanese parliament's lower house. Abe's Liberal Democratic Party returned to resume power after a three year break in what has been almost half a century of uninterrupted rule.
Japan has had seven prime ministers in six years, but the enterprise-friendly Liberal Democratic Party is still the popular choice in the country. Mr. Abe's earliest challenges will be to combat Japan's industrial decline and resolve the economic and territorial disputes with China. Mr. Abe has promised to defend Japan’s claims over the East China Sea Islands against China. The domestic economic scenario is likely to take precedence, though.
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