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WORLD

JAPAN PM NAOTO KAN SURVIVES LEADERSHIP CHALLENGE

14.09.2010 [13:59]
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Baku, September 14 (AZERTAC). Japanese Prime Minister Naoto Kan has survived a party leadership challenge from veteran MP Ichiro Ozawa, according to BBC News.

Lawmakers and members of the governing Democratic Party of Japan (DPJ) elected to retain Mr Kan by a margin of 721 points to 491.

His victory means that Japan will be spared a sixth leadership change in four years.

Mr Kan, who took office in June, has said he wants to rein in spending and curb Japan`s massive public debt.

As his victory was confirmed, the yen hit a new 15-year high against the dollar. The strong yen has hit Japanese exporters but Mr Kan has indicated that he is unlikely to intervene in the near future.

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