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Free AccessOpposition CDP Leaders Announce Resignations
The leaders of Japan's main opposition Constitutional Democratic Party are set to step down, after the CDP failed to increase its representation in the House of Representatives, let alone challenge the incumbent Liberal Democratic Party.
- CDP leader Yukio Edano announced his intention to resign and will formally notify party executive board at their meeting this afternoon. Secretary General Tetsuro Fukuyama is also set to resign after taking responsibility for "extremely disappointing" election results.
- The CDP reduced its share of seats in the lower house and will only have 96 lawmakers, compared with 110 it had before the election.
- Party leadership came under criticism as the pact struck by CDP leadership with several other opposition parties backfired. Analysts noted that the CDP's cooperation with the Communist Party may have turned off some anti-LDP voters.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.