WAH! JUST LIKE
THAT HE RESIGNS?
TOKYO - UNPOPULAR Japanese Prime Minister Yukio Hatoyama has formally announced his resignation, after a slide in the polls threatened his party's chances in an upcoming election. A party official says a new leader will be chosen on Friday.
Mr Hatoyama said ruling party kingpin Ichiro Ozawa would also resign from the party's No. 2 post. Calls have built up in Mr Hatoyama's Democratic Party for him to step down to revive the party's fortunes ahead of an election for the upper house of parliament expected on July 11 that it must win to smooth policymaking. A new cabinet is expected to be formed next week according to a senior ruling Democratic Party lawmaker.
With tears in his eyes, Mr Hatoyama told a party gathering both he and his party secretary-general Mr Ozawa would resign from their posts. Analysts have tipped outspoken Finance Minister Naoto Kan as the likely successor if Mr Hatoyama quits after just eight months on the job.