Japan’s PM Yukio Hatoyama Replaces Finance Minister after Sudden Resignation

Japan’s Prime Minister Yukio Hatoyama came into power just a few short months ago after pledging to restore the country’s economy but he could be running into a serious roadblock after the sudden resignation of finance minister Hiroshisa Fujii.

Fujii, one of the few experienced ministers in Hatoyama’s Democratic Party-led government, cited health reasons for stepping down. He had been admitted to a hospital last week due to high blood pressure and on Tuesday night he said exhaustion prevented him from carrying out his duties as finance minister.

In his place will step Naoto Kan who will now have to find solutions for the country’s deflation and massive public debt. While Kan has headed the National Strategy Bureau there are those who question whether he has enough experience to deal with the country’s budget and tax issues.

Hatoyama ushered in a new movement for Japan in September when he ended nearly 50 years of conservative rule but his inability to steady the economy thus far has cost him support and the resignation of Fujii will be test to his leadership.

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