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Yoshihiko Noda To Become Japan PM

PTI 29 Aug 2011, 12:39:52 IST
PTI

Tokyo, August 29:  Finance minister Yoshihiko Noda will become Japan's next prime minister after defeating Trade Minister Banri Kaieda in the ruling party leadership run-off vote on Monday.

Noda, who came second in the first round of voting, got 215 votes and Kaieda 177.

Noda is seen more likely than Kaieda to tackle Japan's massive public debt, which is double the size of the $5 trillion economy, and he has been financial markets' preferred candidate to succeed outgoing Prime Minister Naoto Kan.