Abstract

Contributory factors to Japan's poor economic performance in 2011 included the March triple disasters, the eurozone financial crisis and the yen's appreciation. The rise of 52-year-old Noda Yoshihiko as Prime Minister signals the changing of the guard in Japan. A consequence of voter discontent with the two major national parties (the Democratic Party of Japan and Liberal Democratic Party) is the rise of regional parties possibly leading to a major political realignment in Japan.

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