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Tuesday, August 31, 2010

Ozawa To Run In DPJ Race

小沢一郎

The decision of Ichiro Ozawa to run in the upcoming DPJ leadership contest against Naoto Kan may split the ruling party, many political observers believe.

Ichiro Ozawa and Naoto Kan

After receiving the backing of former Prime Minister Yukio Hatoyama, Ozawa decided to enter the race against the incumbent Prime Minister, no doubt spurred by Kan's refusal to offer him a place in government.

A lingering money scandal seems likely to damage the 68-year-old's changes of taking the top job and an Ozawa win may not be popular with the majority of the Japanese electorate, though Ozawa's strong hand on the tiller could be welcomed by the business community, struggling with falling stock prices and the surge in the value of the yen.

Ozawa was in the news earlier this week for labeling Americans as "simple-minded" and "monocellular" in a speech to fellow lawmakers.

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