Japan's Spreading Pension Fund Scandal
Expect to see a lot of red-faced Japanese lawmakers making deep bows of contrition before the television cameras soon, when Prime Minister Junichiro Koizumi releases the names of all top government and Cabinet officials implicated in a wide-ranging pension fund scandal. Already, Koizumi adviser and LDP Chief Cabinet Secretary Yasuo Fukuda and Naoto Kan, leader of the opposition Democratic Party of Japan, have resigned in the wake of revelations that they had missed making mandatory payments into Japan's public pension system. Despite the public uproar, Koizumi is not implicated, and his Liberal Democratic Party is expected to hold its own in July elections for the Upper House of the Diet.
Edited by Rose Brady