ASSESSMENTS

Japan: Fukuda's -- and Tokyo's -- Economic Problem

May 5, 2008 | 15:56 GMT

TOSHIFUMI KITAMURA/AFP/Getty Images

Summary

As Japan's ruling party seems poised for a major shake-up, rumors abound in Tokyo that Japanese Prime Minister Yasuo Fukuda is about to step down. The problem is not that Fukuda lacks former Prime Minister Junichiro Koizumi's charisma; the problem is Japan's economic-political system, which is decades overdue for an overhaul.

Rumors are flying in Tokyo that Japanese Prime Minister Yasuo Fukuda is about to step down because of problems rooted in Japan's deeply entrenched and inefficient economic-political system....

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