Japanese Prime Minister steps down

16:03, 01 September 2008
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Frustrated with slow results

Prime Minister Yasuo Fukuda announced his resignation less than a year into office, the latest problem to rock Japan as the world`s second-largest economy flirts with recession.

In a press conference, Mr. Fukuda said he tried to implement various measures to overhaul the economy amidst mounting difficulties, such as a split parliament. Frustrated with the slow results, Mr. Fukuda said he decided it would be better for someone else to lead the nation.

Mr. Fukuda is the second prime minister to resign after Junichiro Koizumi stepped down two years ago. Shinzo Abe abruptly quit last year, also just under a year after taking the top job.

The Wall Street Journal

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