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news20100602gdn1

2010-06-02 14:55:52 | Weblog
[News] from [guardian.co.uk]

[guardian > News > World news > Yukio Hatoyama]
Japan's prime minister Yukio Hatoyama resigns
{日本の鳩山由紀夫総理大臣が辞任}


Yukio Hatoyama steps down over failure to honour election promises including relocation of Okinawa's US air base
{鳩山由紀夫総理大臣、’沖縄の米空軍基地移設等の選挙公約’を果たせなかったとして辞任}

Justin McCurry in Tokyo
guardian.co.uk, Wednesday 2 June 2010 07.47 BST
Article history

{{Japan's prime minister Yukio Hatoyama has announced he will resign.}
{Photograph}: Brian Snyder/Reuters}

Japan's prime minister, Yukio Hatoyama, today said he would resign just eight months after he took office, after failing to honour election promises to bring sweeping change to domestic policy and fundamentally alter the country's relations with the US.

The world's second biggest economy faces yet another period of uncertainty after Hatoyama, whose Democratic party won by a landslide last year, became Japan's fourth prime minister in as many years to step down after a year or less in power.

In a further blow to the Democrats five weeks before upper house elections, Ichiro Ozawa, the architect of last year's election victory, will also step down amid a political funding scandal.

"Since last year's elections, I tried to change politics so that the people of Japan would be the main characters," Hatoyama said in a nationally televised address to party members.

Although he has had some success in shifting power from bureaucrats to politicians, Hatoyama conceded that he had failed to win public support for his administration's handling of the economy and, crucially, his recent decision on the fate of a US military base on the southern island of Okinawa.

"That was mainly because of my failings," he said, his eyes filling with tears. "The public has refused to hear me."

His fate was in effect sealed by his decision last week to renege on a campaign promise to move a US marine airbase off Okinawa – a move he hoped would demonstrate his determination to end Japan's subservience to Washington's foreign policy.

In the end, US intransigence and the lack of a viable alternative site forced him to accept a 2006 agreement to move the base from its city centre location to an offshore site on the island's northern coast.

His change of heart enraged politicians and residents on Okinawa, who accused him of betrayal, and sent his public support ratings below 17%, compared with over 70% when he took office last September.

Hatoyama, 63, said the importance of maintaining a strong US alliance in the face of a rising China and instability on the Korean peninsula had forced him to cave in to Washington's demands.

"There was no choice but to keep the base on Okinawa," he said, while attempting to sell the deal to a disgruntled electorate and his coalition partners. "I sincerely hope people will understand the agonising choice I had to make. I knew we had to maintain a trusting relationship with the US at any cost."

Although Hatoyama's resignation came sooner than expected, Japanese voters will find themselves in familiar territory, as another ruling party scrambles to appoint a new leader.

Media reports said the Democrats would choose Hatoyama's successor on Friday. The acknowledged frontrunner is the finance minister, Naoto Kan, who earned a reputation for toughness when he took on bureaucrats over an HIV-tainted blood products scandal as Liberal Democratic party health minister in the mid-1990s.

Other possible successors include the foreign minister, Katsuya Okada, and Seiji Maehara, the transport minister.

Kan, 63, has called on the Bank of Japan to do more to fight deflation and is less resistant than Hatoyama to raising the 5% sales tax to pay for ballooning health and welfare costs.

If elected, he will quickly come under pressure to send a strong message to investors over how he intends to rein in Japan's huge public debt – now approaching 200% of GDP – and fund the government's ambitious public spending commitments.

But analysts expected the turmoil to delay key announcements on economic policy. "Hatoyama's resignation may cause delays in the scheduled releases this month of the government's growth strategies and fiscal discipline targets," said Hirokata Kusaba, an economist at Mizuho Research Institute.

"Whoever replaces Hatoyama would need to work them out before an upper house election, or else disappoint voters. Things could not get any worse after Hatoyama quits, given the current deadlock in many important issues."

The potential unraveling of Japan's centre-left experiment comes less than a year after the Democrats ended more than half a century of almost uninterrupted rule by the conservative LDP.

The government can at least take comfort in the fact that the LDP, riven by infighting and defections, is unlikely to mount a strong challenge in July's upper house elections.

Although they have a comfortable majority in the lower house, the Democrats needed to form a coalition with the People's New party and the left-wing Social Democratic party to secure a majority in the upper house and smoothe the passage of key legislation.

The coalition began to crumble last week when Hatoyama sacked the Social Democrats' leader, Mizuho Fukushima, after she refused to sign off on the US air base deal.

Her party's subsequent decision to leave the government prompted senior figures in Hatoyama's party to pressure him to resign and give the Democrats a fighting chance next month.

Ozawa, widely regarded as the most powerful figure in the government, will resign as the party's secretary general. Hatoyama said he had asked Ozawa, who has been embroiled in a fundraising scandal for more than a year, to quit in order to establish a "fresh and clean" party.

"Our politics must break with money. We must become completely clean in order to revitalise our party."

news20100602gdn2

2010-06-02 14:44:43 | Weblog
[News] from [guardian.co.uk]

[guardian > Environment > Deepwater Horizon oil spill]
Gulf oil spill: BP could face ban as US launches criminal investigation
{メキシコ湾原油流出事故:米国、刑事事件として捜査開始、BP社、操業禁止措置に見舞われる恐れ}


Oil company's future in doubt as attorney general opens probe into worst oil spill in American history
{米司法当局、米史上最悪の原油流出事故の究明に乗り出す、英石油大手の今後が不確か}

Tim Webb and Ed Pilkington in New York
The Guardian, Wednesday 2 June 2010
Article history

{{BP's ongoing failure to stem the leak Deepwater Horizon leak has led to increasingly hostile rhetoric from the White House.}
{Photograph}: KPA/Zuma/Rex Features}

Last night's announcement that the US is launching a criminal investigation into the Gulf of Mexico disaster capped off BP's worst day in a torrid six weeks since the Deepwater Horizon rig exploded and sank on 20 April, killing 11 workers.

The firm's shares plummeted by 13% today, wiping £12bn off the company's value, as financial markets reacted to the news that oil is likely to continue spewing into the Gulf of Mexico for at least two more months. It was the worst one-day fall for 18 years for what was once Britain's most valuable company.

Political pressure is also mounting from the US, where BP's ongoing failure to stem the leak has led for calls to Barack Obama to take a more hardline approach, and some commentators are predicting the oil giant could face an operating ban in the country.

Robert Reich, the former labour secretary under Bill Clinton, today called for BP's US operations to be seized by the government until the leak had been plugged. A group called Seize is planning demonstrations in 50 US cities, calling for the company to be stripped of its assets.

The stock plunged 15% , or $6.43, to close at $36.52 at the end regular trading on the New York Stock Exchange.

The criminal investigation announced by the American attorney general was launched just hours after Obama promised to prosecute any parties found to have broken the law in the lead up to the disaster. The president dropped several threatening comments into a 10-minute address from the White House to mark the start of an independent commission to look into the causes of explosion.

City experts advised clients to sell shares following BP's admission over the weekend that the much vaunted "top kill" attempt to bung up the well had failed.

Dougie Youngson, oil analyst at Arbuthnot, said: "This situation has now gone far beyond concerns of BP's chief executive Tony Hayward being fired, or shareholder dividend payouts being cut – it's got the real smell of death. This could break BP.

"Given the collapse in the share price and the potential for it to fall further, we expect that it could become a takeover target."

BP is the largest oil producer in the Gulf of Mexico, and its production growth plans for the next decade are dependent in part on finding new deepwater reserves.

BP said today that its costs from the disaster had risen to $990m (£675m).

Although it is impossible to quantify the full financial impact of the disaster, it seems set to run into the tens of billions of dollars, and the costs will mount as long as the leak continues.

BP will attempt a riskier way of stopping the leak this week, but this could result in the amount of oil increasing and the chances of success appear slim. It hopes to plug the spill in two months, when the first of two relief wells are completed, but this operation could be hampered by the imminent hurricane season.

Today Obama called the oil spill the "greatest environmental disaster of its kind in our history" and said "if laws were broken leading to this death and destruction, my solemn pledge is we will bring these people to justice".

He added that for years the relationship between the oil companies and their regulators has been "too cosy" and said "we will take a comprehensive look at how the oil and gas industry operates".

The justice department is expected to pursue a dual-track approach in its investigation of BP and the other main entities involved: Transocean and Halliburton.

One track will explore whether the company broke rules in the days and months before the explosion, and the other will look at whether it contravened any environmental laws.

So far the Obama administration has moved cautiously on the legal side of the oil disaster, aware of the awkwardness of issuing criminal proceedings against a company upon which the federal government continues to remain deeply dependent for the shutting off of the stricken well and the clean-up operation. But as political pressure has mounted, and Obama himself coming under fire for being insufficiently aggressive, the administration has shown renewed willingness to take on BP.

The US Department of Justice will look for violations of the Clean Water Act, the Endangered Species Act, the Migratory Bird Treaty Act and the Oil Pollution Act of 1990. Holder said that "nothing is off the table at this point" with regard to the range of charges prosecutors could pursue, including traditional criminal charges if they find false statements were made.

"As our review expands, we will be meticulous, we will be comprehensive, and we will be aggressive," Holder told reporters. "We will not rest until justice is done."

However, he did acknowledge that the government's first priority was to stop the gushing well and clean up the oil.

As for BP, it has taken steps to beef up its PR operation, in an attempt to limit the damage to its reputation. The company has recruited as head of the firm's US media relations Anne Womack-Kolton, the former press secretary to Dick Cheney.

news20100602bbc

2010-06-02 07:55:05 | Weblog
[One-Minute World News] from [BBC NEWS]

[BBC > Asia-Pacific]
Page last updated at 2:34 GMT, Wednesday, 2 June 2010 3:34 UK
Japanese PM Yukio Hatoyama resigns amid Okinawa row
{日本の鳩山総理大臣が沖縄問題で退陣}


{Yukio Hatoyama had been in power for just eight months}
{鳩山総理大臣、わずか8カ月の在職だった}

Japanese Prime Minister Yukio Hatoyama has announced his resignation after just eight months in office.
{日本の鳩山総理大臣、在職わずか8カ月で退陣表明}


He was forced out after breaking an election pledge to move an unpopular US military base away from the southern island of Okinawa.

The move comes as his Democratic Party of Japan (DJP) struggles to revive its chances in an election due in July.

The centre-left DPJ's election landslide last year ended half a century of conservative rule in Japan.

But wrangling over the base distracted attention from their broader aims - pursuing a more equal alliance with the US, a bigger welfare state, and to seize control of policy-making from the bureaucracy, says the BBC's Roland Buerk in Tokyo.

Mr Hatoyama, 63, was Japan's fourth prime minister in four years.

Broken promise

Until Tuesday night, Mr Hatoyama had insisted he would stay on while intermittently holding talks with key members of his Democratic Party of Japan.

But he announced his resignation at a special meeting of DJP lawmakers on Wednesday.

He said he had asked Ichiro Ozawa, the party's secretary general - known as the "Shadow Shogun" for his power behind the scenes - to go too.

Mr Hatoyama had been under pressure to quit since last week when it was confirmed that an unpopular US base would be staying on Okinawa.

For months he had searched fruitlessly for an alternative location to fulfil a pledge to move it off the island or even out of Japan altogether, our correspondent says.

When he failed his governing coalition split.

Members of his party had feared with him at the top they would be trounced in mid-term elections to the upper house of parliament expected next month, our correspondent says.

The DPJ's next leader will have to take the party into mid-term elections to the upper house of parliament expected next month.

Possible successors include Deputy Prime Minister and Finance Minister Naoto Kan, with Foreign Minister Katsuya Okada and Transport Minister Seiji Maehara also seen as possible contenders.

news20100602cnn

2010-06-02 06:55:31 | Weblog
[Top stories] from [CNN.com]

[CNN > Asia]
June 2, 2010 -- Updated 0322 GMT (1122 HKT)
By the CNN Wire Staff
Japanese PM Yukio Hatoyama to resign
{日本の鳩山由紀夫総理大臣が辞任表明}


{Japanese Prime Minister Yukio Hatoyama has been under pressure after backtracking on a promise to move an unpopular U.S. Marine base from Okinawa Island.}
{日本の鳩山総理大臣、約束した’不人気の米国海兵隊基地を沖縄から移設’の撤回で、引責の状況下にあった}

STORY HIGHLIGHTS
> Prime Minister Yukio Hatoyama to resign after just eight months in office
{鳩山総理大臣がわずか8か月の在職で辞任}
> He was under pressure after backtracking on pledge to move U.S. army base from Okinawa
{総理大臣、公約の’沖縄から米国陸軍基地を移設’の撤回で、責任を求められていた}
> Japan's Social Democratic Party leaves coalition government
{日本の社民党が連立政権から離脱}
> Party failed to support government's decision not to move U.S. base
{社民党、’米国基地を移設しない’という政府決定で連立を解消}


(CNN) -- Japanese Prime Minister Yukio Hatoyama told parliamentary officials Wednesday he will resign. "I'm going to step down," Hatoyama announced in a live broadcast on Japanese TV NHK.

Hatoyama, who took office in September, has faced criticism after backtracking on a promise to move an unpopular U.S. Marine base from Okinawa to ease the burden of the island, which hosts the majority of the United States military presence in Japan.

His Democratic Party of Japan formed a coalition with the Social Democratic Party (SDP). On Sunday, SDP leader Mizuho Fukushima said the party would leave the coalition government over the dispute regarding the relocation of the base.

Fukishima, formerly the Minister of Consumers, was let go from Hatoyama's Cabinet on Friday because she and her party failed to support the government's decision not to move the U.S. Futenma Air Base from Okinawa Island.

The SDP's departure does not threaten the overwhelming majority of the Democratic Party of Japan in the lower house of government, but weakens the party's negotiating power in the upper house. It also threatened Hatoyama's political position ahead of upper house elections, scheduled for this summer.

news20100602reut

2010-06-02 05:55:43 | Weblog
[Top News] from [REUTERS]

[REUTERS > World > Japan]
Linda Sieg and Yoko Nishikawa
TOKYO
Wed Jun 2, 2010 12:37am EDT
Japan PM quits before election
{日本の総理大臣、選挙前に退陣}


(Reuters) - Japanese Prime Minister Yukio Hatoyama said on Wednesday he and his powerful party No. 2 would resign after a slide in the polls threatened their party's chances in an election expected next month.
{(ロイター)- 日本の鳩山総理大臣、世論調査の大下落を受けて、来月予定の選挙で民主党の勝算が危ぶまれる中、自身と幹事長の辞任を表明}


The yen sank to a two-week low against the dollar after Hatoyama became the fourth Japanese leader to leave office in a year or less, with some investors worried that political instability would make Japan's weak economy more dependent on the Bank of Japan's easy monetary policy.

Calls built up in Hatoyama's Democratic Party of Japan (DPJ) for him to step down to revive the party's fortunes ahead of an election for the upper house of parliament expected on July 11 that it must win to smooth policymaking.

With tears in his eyes, Hatoyama told party lawmakers that he and party secretary-general Ichiro Ozawa would resign.

"In order to revitalize our party, we need to bring back a thoroughly clean Democratic Party. I would like to ask your cooperation," Hatoyama said.

Hatoyama's ratings slid on voter doubts about his leadership, while the old-style image of Ozawa, seen as pulling strings behind the scene, had also eroded public support.

Analysts have tipped outspoken Finance Minister Naoto Kan as the frontrunner to replace Hatoyama, who quits after just eight months on the job. A new leader will be chosen on Friday, in a few days, a party official said.

The latest political turmoil, including the departure of a tiny leftist party from the ruling coalition, has distracted the government as it thrashes out a plan to cut huge public debt and a strategy to engineer growth despite a fast-aging population.

"Hatoyama's resignation may cause delays in the scheduled releases this month of the government's growth strategies and fiscal discipline targets. Whoever replaces Hatoyama would need to work them out before an upper house election, or else disappoint voters," said Hirokata Kusaba, an economist at Mizuho Research Institute.

"Things could not get any worse after Hatoyama quits, given the current deadlock in many important issues."

The yen sank to 91.78 per dollar from around 91.10 before the news but that weakness helped boost the Nikkei share average, which is heavily populated by big Japanese exporters. Bond futures edged higher.

FINMIN KAN NEXT?

Finance Minister Kan has in the past pressed the Bank of Japan to do more to fight deflation and has sounded more positive than Hatoyama about raising the 5 percent sales tax in the future to fund bulging social welfare costs.

That stance would be welcomed by investors worried about Japan's huge public debt, which is nearly 200 percent of GDP.

"If Finance Minister Kan takes over, it would be welcome news for the JGB market because Kan is more proactive about fiscal discipline and about raising the consumption tax than any other cabinet minister," Mizuho Research's Kusaba said.

The Democrats swept to power last August after a landslide election win for parliament's powerful lower house, ousting the conservative Liberal Democratic Party (LDP) after more than 50 years of almost non-stop rule.

But doubts over Hatoyama's leadership skills have eroded the government's approval ratings, with one poll showing support at just 17 percent after he failed to keep a campaign pledge to move a U.S. airbase off Okinawa island in southern Japan.

Some analysts said the change of the party's top two leaders would help restore the Democrats' popularity ahead of the election, although many voters had been outraged when two leaders of previous LDP-led governments quit abruptly after just a year in office.

"Although getting rid of Ozawa and Hatoyama won't win back all that support, at least the Democrats will no longer have to be on the defensive during the campaign." said Katsuhiko Nakamura, director of research at the Asian Forum Japan.

"Looking at the numbers, Kan is the most likely to take over. But there was so much criticism of the Liberal Democratic Party for switching prime ministers without an election, he may decide to go to the polls again fairly quickly."

"This will put an end to downward trend in the popularity of Democrats," said Hidenori Suezawa, chief strategist at Nikko Cordial Securities.

"Ozawa must have made this decision to win the election."