Express Properties

Search Button

The Indian Express

The Financial Express

Latest News

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Advertisers Forum

Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Screen: The Business of Entertainment

Graffiti

Crossword

Drumbeat: Ad Buzzaar


Politics

Business

Expressions

General

World

Sports

Leisure

States

 

Saturday, July 11, 1998

Sunday's poll may upset Hashimoto

AGENCE FRANCE PRESSE  
TOKYO, July 10: Japan's Prime Minister Ryutaro Hashimoto faces a tough battle in Sunday's Upper House elections, with senior figures in his party already warning he may have to resign.

Hashimoto has felt the heat of intense criticism at home and abroad in the past year as the world's second largest economy has slid into its worst post war recession.

As unemployment climbs to record highs and bankruptcies mount, polls have shown traditionally loyal voters will take their toll in Sunday's elections, in which half the Chamber's 252-seats are up for grabs.

The financial markets are preparing for bad news, with dealers pushing down the yen against the dollar today and warning they will keep selling the Japanese currency next week whatever the result.

All eyes are on whether the premier's Liberal Democratic Party can add to the 61 seats it holds among the 126 up for re-election. The party has held power in Japan for the past 43 years, barring a 10-month break from mid-1993.

``Prime Minister Hashimotoshould give up power without any question if he comes out with less than the 61 seats,'' Masakuni Murakami, the party's Upper House leader, warned.

The 61 seats include that of Juro Saito, the president of the chamber, who has officially left the party but still sides with them as an independent.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


Sardar Sarovar Narmada Nigam Ltd.

Bank of India

Astrosurf

India Gift House: Send gifts to over 100 Indian cities


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties