Unpopular Japan PM wins parliament confidence vote

Source: Agencies  |   2008-6-12  |     ONLINE EDITION

IN a stark reflection of Japan's political stalemate, parliament's lower house approved a motion of confidence in Prime Minister Yasuo Fukuda today in Tokyo, a day after the upper chamber adopted an unprecedented, but non-binding, censure of the unpopular leader.

The opposition Democratic Party and smaller allies pushed through the upper house censure motion yesterday, the first against a prime minister under the current 1947 constitution, in an effort to build momentum for an early lower house election.

But Fukuda said he had no plan to call a poll for the powerful lower chamber within the year.

"The Fukuda Cabinet has been working with all its strength to stabilise citizens' lives, to realise national interests and to contribute to the international community," ruling Liberal Democratic Party (LD) policy chief Sadakazu Tanigaki told the lower house. Most opposition lawmakers boycotted the session.

Political analysts said Fukuda was unlikely to resign or call a snap election before hosting a July 7-9 Group of Eight summit in northern Japan, but speculation persists that his party might replace him after that with a potentially more popular rival.

An election is unlikely because the ruling bloc is reluctant to risk losing its two-thirds majority in the lower house, which allows it to override the opposition-controlled upper house in most matters.

Prospects the political stalemate would drag on are beginning to weigh on some Tokyo stock market players' minds.

"The reasons to buy Japan have diminished. When it comes to this point, it (politics) becomes a factor," said Tomomi Yamashita, a fund manager at Shinkin Asset Management.

"Basically, they can't conduct business."