The Opposition Liberal Democratic Party (LDP) returned to power in Japan with an overwhelming victory in Sunday's parliamentary election putting an end to a three-year tumultuous rule by the Democratic Party of Japan (DPJ).
The electoral success gives LDP chief Shinzo Abe another chance to become the Prime Minister after a gap of five years.
LDP and its traditional partner New Komeito party together have won more than 300 seats in the 480-member House of Representatives, possibly giving the alliance a two-thirds majority in the Lower House of Parliament. Public broadcaster NHK quoting Abe said a two-party coalition government would be formed, while Kyodo news agency reported that Cabinet formation talks would be held on Tuesday.
An extraordinary parliamentary session on December 26 is scheduled to elect the Prime Minister, making 58-year-old Abe Japan's seventh Premier in just over six years. He had to quit ten months after becoming Japan's youngest post-war Prime Minister in September, 2006, opening the nation's "revolving door" series of short-lived premierships.
Incumbent Prime Minister Yoshihiko Noda conceded defeat and announced that he is stepping down as DPJ chief owning responsibility for the electoral debacle.
DPJ, which swept the LDP out of power in 2009 after 54 years of nearly unbroken rule, had a pathetic performance on Sunday, reflecting public sentiment over its failure to make good on its campaign promises and pull the Japanese economy out of a two-decade stagnation during its three-year reign.
by RTT Staff Writer
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