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/ 25 September 2007

Japan’s Fukuda elected PM, forms new Cabinet

Yasuo Fukuda, a seasoned moderate lawmaker, was chosen as Japan’s Prime Minister on Tuesday, then tapped veteran ministers from his predecessor’s Cabinet to confront a resurgent opposition keen to force an election. The Liberal Democratic Party chose Fukuda as its leader to revive party fortunes after a disastrous year of scandals.

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/ 14 September 2007

Japan’s outgoing PM admitted to hospital

Japan’s political crisis deepened when the Prime Minister, Shinzo Abe, was admitted to hospital suffering from exhaustion less than 24 hours after suddenly announcing his resignation. Abe (52) was seen by a doctor on Thursday morning after feeling unwell and was admitted to Keio hospital in Tokyo later in the day.

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/ 31 August 2007

Bush, Bernanke to launch twin subprime assault

United States President George Bush will outline reforms on Friday to help struggling subprime mortgage borrowers and his central bank chief will deliver a speech which will be pored over for hints of a looming rate cut. Federal Reserve chairperson Ben Bernanke speaks on ”Housing and Monetary Policy” at around 2pm GMT.