Japan Elections:Liberal Democratic Party wins
The Democratic Party of Japan led by Prime Minister Yoshihiko Noda has suffered a crushing defeat. Noda says he accepts the verdict gravely and will resign as party leader to take responsibility.
Absolute majority allows the party to allocate chairpersons to all 17 standing committees of the chamber and also secure a majority in all of them. It is now focused on whether the two parties will win a total of 320, the two-thirds majority that allow bills to be enacted in a re-vote if they are rejected by the upper house.
Newly-formed Japan Restoration Party led by former Tokyo Governor Shintaro Ishihara has won 43 seats.Democrats won only 44 of the seats that had been decided, putting them in a dead heat for a distant second place with the news Japan Restoration Party, which was started by Osaka’s popular mayor. It was a crushing defeat for a party whose victory three years ago was heralded as the start of a vigorous two-party democracy.
Prime Minister Yoshihiko Noda resigned as head of the Democratic Party to take responsibility for the loss, despite holding onto to his own seat in Chiba, outside Tokyo.
“We failed to meet the people’s hopes after the change of government three years and four months ago,” Noda told reporters.
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