Forex: Japan PM Aso: To Resign As LDP President

Japan PM Aso: To Resign As LDP President
Sun, Aug 30 2009,


Japan PM Aso: To Resign As LDP President

TOKYO -(Dow Jones)- Japanese Prime Minister Taro Aso on Sunday conceded his party's defeat in Lower House elections and said he will resign as the party chief to take responsibility.

"I must accept responsibility" for the Liberal Democratic Party's expected major losses, Aso said during a televised interview with Japanese national broadcaster NHK.

Exit polls show that the Democratic Party of Japan is set to score a landslide victory, ousting the LDP from power for the first time since 1994.




August 30, 2009 by Dow Jones & Company, Inc