The Democratic Party of Japan held an election today

"LandepNews"

The Democratic Party of Japan held an election today, and Yoshihiko Noda has been picked to replace Prime Minister Naoto Kan. Noda was Finance Minister in the Kan cabinet, and was known his criticism of ex-DPJ Secretary General Ichiro Ozawa. (Noda’s main opponent in this election, Banri Kaieda, had campaigned on a pro-Ozawa stance.)

Noda’s job will not be easy, and it might be unrealistic to expect him to break Japan’s pattern of short-lived Prime Ministers:

Japan’s next leader — the country’s sixth in five years — faces huge challenges including a resurgent yen that threatens exports, forging a new energy policy while ending the worst nuclear crisis since Chernobyl, and finding funds to rebuild from a devastating March tsunami as well as to pay for the ballooning social welfare costs of a fast-ageing society.
The obstacles to governing, including a divided parliament and internal party bickering, have raised concerns that the next premier, to be selected in a Democratic Party of Japan (DPJ) vote on Monday, will end up being another short-lived leader. “Unfortunately, chances are that whoever wins, we’ll be going through the same debate in 12 months,” said Jesper Koll, director of equities research at JPMorgan in Tokyo.

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