FOREIGN AFFAIRS: Japan’s new PM rejects ‘market fundamentalism’*

The landslide victory of the Democratic Party of Japan in the recent general election has swept the Liberal Democratic Party into opposition, in the most significant change in government in Japan since the LDP was formed in the early 1950s.The Liberal Democratic Party (LDP) had effectively ruled Japan for almost 55 years.However, the combined effect of being in office too long, too close a relationship with big business and the bureaucracy, and the impact of the global economic recession, swept …

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