Aso, a former foreign minister, clinched the ruling Liberal Democratic Party leadership vote by a landslide to take over from Yasuo Fukuda, who quit this month just as the economy flirts with recession and faces further damage from turmoil on Wall Street.
The new leader must try to revive the world’s second-biggest economy despite the constraints of its huge public debt, although he may have scant time to do so if, as media and pundits predict, he calls an early poll for parliament’s powerful lower house.
—Reuters