Sunday, August 30, 2009

Political Landslide In Japan

TOKYO (AP) - Japan's ruling conservative party suffered a crushing defeat in elections Sunday as voters overwhelmingly cast their ballots in favor of a left-of-center opposition camp that has promised to rebuild the economy and breathe new life into the country after 54 years of virtual one-party rule, media projections said.

The opposition Democratic Party of Japan was set to win 300 of the 480 seats in the lower house of parliament, ousting the Liberal Democrats, who have governed Japan for all but 11 months since 1955, according to projections by all major Japanese TV networks.

The vote was seen as a barometer of frustrations over Japan's worst economic slump since World War II and a loss of confidence in the ruling Liberal Democrats' ability to tackle tough problems such as the rising national debt and rapidly aging population.

Click on the title of this post to read the full AP story.