Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Abbas Araghchi, Iranian deputy foreign minister

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

FOCUS

When water becomes a weapon of war

Read more

ENCORE!

Eve Ensler: 'In The Body Of The World'

Read more

THE INTERVIEW

Ed Husain, Author of 'The Islamist'

Read more

DEBATE

Pakistan Protests: Democracy put to the test

Read more

DEBATE

Pakistan Protests: Democracy put to the test (part 2)

Read more

REPORTERS

Pakistan: Imran Khan, from the cricket field to politics

Read more

MEDIAWATCH

Is Carla Bruni against a political comeback for Sarkozy?

Read more

  • Trust and 'bio-disaster units' needed to fight Ebola

    Read more

  • France vows crackdown on unemployment benefit ‘abusers’

    Read more

  • Video: Bodies ‘left behind’ as Ukraine forces flee rebel assault

    Read more

  • Julie Gayet wins privacy case against French glossy Closer

    Read more

  • Several UN peacekeepers killed in Mali explosion

    Read more

  • NATO plans new 'spearhead' force to counter Russia

    Read more

  • French clubs left behind as others spend big

    Read more

  • Britain drops arrest warrant for ill boy’s parents

    Read more

  • When water becomes a weapon of war

    Read more

  • Arab media strike back at IS Islamists – with cartoons

    Read more

  • US military targets Somalia's al Shabaab Islamist group

    Read more

  • Eve Ensler: 'In The Body Of The World'

    Read more

  • Boko Haram Islamists seize northeast Nigerian town

    Read more

  • Is Carla Bruni against a political comeback for Sarkozy?

    Read more

  • Monaco’s Falcao leaves Ligue 1 for Man Utd

    Read more

  • UN backs Iraqi request for inquiry into IS militant crimes

    Read more

  • French education ministry picture sparks racist abuse

    Read more

  • Obama calls for higher wages amid 'revving' US economy

    Read more

Asia-pacific

Finance minister to quit after drink slur

Video by FRANCE 24

Latest update : 2009-02-17

Japanese Finance Minister Shoichi Nakagawa has told reporters he intends to resign after being forced to deny he was drunk at a G7 news conference, dealing a fresh blow to unpopular Prime Minister Taro Aso in an election year.

REUTERS - Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign after being forced to deny he was drunk at a G7 news conference, dealing a fresh blow to unpopular Prime Minister Taro Aso in an election year.

 

But Nakagawa's offer to step down after parliament passed budget bills was unlikely to satisfy an emboldened opposition, scenting victory in an election that must be held no later than October, analysts said.

 

"It's extremely damaging politically for Aso. Nakagawa is saying he will quit after the budget and related bills pass parliament but, I'm not sure whether the cabinet itself would last that long. Aso might be forced to quit before that," said Koichi Haji, chief economist at NLI Research Institute.

 

"With Nakagawa quitting, the government lacks a person in charge to come up with further steps to support an economy that is worsening sharply."

 

Aso is trying to pass an extra budget for the fiscal year ending on March 31 as well as a record 88.5 trillion yen ($965 billion) budget for the year to March 2010 to help stimulate the economy, now sinking deeper into recession.

 

Nakagawa told reporters he intended to resign after the government's budget was passed by parliament's lower house, although the exact timing of his departure was unclear.

 

At the Group of Seven news conference in Rome, Nakagawa slurred his words and appeared to fall asleep at one point.

 

He repeated on Tuesday that he had not done more than sip some wine before the news conference and cold medicine had affected his behaviour.

 

 

 

Aso asked his close ally Nakagawa to stay in his post on Monday, but pressure for the minister to resign emerged from within his own Liberal Democratic Party (LDP).

 
Emboldened opposition
 

Emboldened opposition parties had been set to grill Nakagawa again in parliament and have said they would submit a censure motion to the upper house if his answers fail to satisfy.

 

A censure is non-binding, but a previous cabinet minister quit after a similar resolution.

 

The fuss over Nakagawa's behaviour at the G7 news conference comes as Aso's public support is plummeting -- below 10 percent in one survey published on Sunday -- ahead of the election.

 

Media polls show the main opposition Democratic Party of Japan has a good shot at ousting Aso's Liberal Democrats, ending more than 50 years of almost unbroken rule.

 

One budget-related bill is stuck in the opposition controlled upper house while the budget for the 2009/10 fiscal year, which starts on April 1, is being debated in the lower house.

 

Annual budgets typically are enacted by the end of March but this year's could be stalled by the political fuss.

 

Date created : 2009-02-17

COMMENT(S)