Financial Times FT.com

Kansian economics

Published: January 7 2010 19:45 | Last updated: January 7 2010 19:45

Yukio Hatoyama, the Japanese prime minister, limps from one problem to the next. Elected only in September, he has already been damaged by two funding scandals, a spat over the deployment of US troops on Okinawa and rumours about who really controls his party. This week’s setback was a cabinet reshuffle, forced by the illness of a senior minister.

Hirohisa Fujii, the 77-year-old finance minister, resigned this week after a recent hospitalisation. Naoto Kan, the deputy prime minister, will replace him, taking on the task of breathing fresh life into Japan’s wheezing economy.

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