Japan’s current Finance Minister Yoshihiko Noda to become new PM

Japan’s current Finance Minister Yoshihiko Noda has been selected as the new leader of the ruling party through vote and is expected to become the new Prime Minister of the country. He will be the sixth Prime Minister of Japan in last 5 years and will replace former PM Naoto Kan who quit last week after he failed to lead the economic recovery following the deadly earthquake and tsunami in March and Japan’s credit rating downgrade.

After being selected as the new Prime Minister of Japan, Yoshihiko Noda has promised to boost the economic recovery after the natural disaster in March and requested all the party members to work together for the sake of the country and its people. Japan’s economy has been contracting in last two quarters and it requires strong economic reforms and government supports to get back on the path of growth.

 

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