Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

The Ldp Saves Hosokawa


International Outlook: Global Wrapup

THE LDP SAVES HOSOKAWA

A sharp change of course by Japan's Liberal Democratic Party has given Prime Minister Morihiro Hosokawa a new lease on life. The LDP, which was ousted from power last summer, had bottled up Hosokawa's political reform bills has vowed to pass in the upper house. Now, the LDP says that it will let the legislation proceed and has muted its criticism of the Prime Minister for taking questionable loans. That gives Hosokawa a good shot at getting the bills passed by Jan. 29 as promised. If so, he would be a good bet to stay in office until new elections, which could be held anytime from this summer until 1995. In return for backing off, the LDP is likely to gain concessions that give added political clout to its rural strongholds.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus