Can a New Prime Minister Revive Japan's Economy?

Liberal Democratic Party leader Aso, expected to be named Prime Minister this week, favors tax cuts and big government spending to fuel growth

With global financial markets still wobbly from Lehman Brothers' collapse, Japan's ruling Liberal Democratic Party finally filled the political vacuum left by ex-Prime Minister Yasuo Fukuda's resignation three weeks earlier. On Sept. 22, the LDP met on the eighth floor of its headquarters and picked party bigwig and former Foreign Minister Taro Aso as its new leader. After the poll results were announced, Aso stood and bowed deeply several times to the gathering.

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