Ben's Astonishing Site

Monday, September 12, 2005

Koizumi Re-elected.

A landslide election victory for Japanese Prime Minister Junichiro Koizumi's ruling Liberal Democratic Party has prompted a wave of enthusiasm among investors Monday, with the Nikkei jumping more than 1 percent in early trade. Koizumi won an overwhelming victory in yesterday's general election, giving the 63-year-old LDP leader a clear mandate for economic, social and political reform. Mr Koizumi said the voice of the people had been heard and promised to push on with post office reform (privatization), which he had put at the heart of his campaign. He even brought in 'assassins' to contest the seats of non-cooperative members of his own party! Now that is reform!

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