Tuesday, August 23, 2011

Japanese PM Kan is out on August 30, 2011!!!

Jeez. It's about time! Zero Hedge is reporting that, according to Reuters,  Japanese Prime Minister Naoto Kan will step down on the 30th!

Zero Hedge reports:

Japanese Prime Minister Naoto Kan told his cabinet ministers on Tuesday that they are likely to resign on Aug. 30, Japanese Economics Minister Kaoru Yosano said on Tuesday.

The unpopular prime minister's comments effectively confirmed his intention to resign in coming days, clearing the way for Japan to select its sixth prime minister since Junichiro Koizumi ended a rare five-year term in 2006.

The ruling Democratic Party of Japan is planning to pick a new leader on Aug. 29, setting the stage for parliamentary confirmation of a new premier and the selection of a new cabinet.

Yosano also told a news conference that the government needs to devise steps to cope with the negative effects of the yen rise in the coming third supplementary budget for this fiscal year.

It's good news and bad... If history is any example, the next guy will be just as much of an idiot too.


Jimbo said...

If only our idiots came and went as quickly.

Zanchito said...

¿Are you ready to welcome your new overlord?

Marc Sheffner said...

Jimbo, you need to specify "ours". In a 24/7, 360-degree, no-borders-international internet thingy, you can't assume people know what you're talking about. It's like, in space, which way is "up"?

Jimbo said...

Marc, does it really matter? Every country has got some idiot or group of idiots in charge. It is something all people of the world have in common. But more specifically, the "our" was referring to Mike and myself, so, Americans.