Kajiyama agrees to seek the position of LDP president

Article Abstract:

Former Justice Minister Seiroku Kajiyama has decided to run for the position of Liberal Democratic Party (LDP) president and could possibly become Japan's next Prime Minister by default. Prime Minister Ryutaro Hashimoto's resignation on July 13, 1998 has left a gap in the the LDP with other members including Foreign Prime Minister Keizo Obuchi and Health Minister Junichiro Koizumi also considering candidacy. Mr. Kajiyama has stressed the need for radical reforms in the country's financial sector and has also spoken of tax cuts and public spending measures to stabilize the economy.

Political organizations, Elections, Officials and employees, Political activity, Political aspects, Politicians, Liberal Democratic Party (Japan), Kajiyama, Seiroku

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Japan's economic growth may slacken in rest of year

Article Abstract:

The Japanese economy grew an impressive rate of 12.7% annually during the 1st qtr. of 1996. However, analysts predict that the economy may not be able to sustain such a growth rate throughout the year. Several key elements responsible for the growth such as public works spending, corporate profits and consumption have begun to weaken during the 2nd qtr. of 1996. Despite the potential economic slowdown, the Japanese Economic Planning Agency has optimistically revised its GDP growth estimate for the 4th qtr. of 1995 to 4.8% compared to the previous 3.6%.

Economic aspects, Forecasts and trends, Economic development

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