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Japan's finance minister to skip G20 meeting

Japan's outgoing Finance Minister Kaoru Yosano said Tuesday he would skip the Group of 20 finance ministers' meeting in London this weekend due to health reasons.

The 71-year-old cancer survivor said his doctor had advised against his participation in the meeting. Senior Vice Finance Minister Wataru Takeshita will attend instead.

The two-day meeting, which begins Friday, aims to lay the ground for a summit of the Group of 20 biggest economies later this month. It will discuss financial regulation, including the contentious issue of bankers' bonuses.

Yosano was beaten in his Tokyo constituency Sunday by a candidate from the Democratic Party, which won a landslide victory In politics, a landslide victory (or just a landslide) is the victory of a candidate or political party by an overwhelming majority in an election.

Landslides can occur when one candidate or party is perceived as far superior to its opponents, through unfair
 over the long-ruling conservative party on a platform of reducing wealth inequalities.

Yosano was allocated a parliamentary seat through the proportional representation proportional representation: see representation.
proportional representation

Electoral system in which the share of seats held by a political party in the legislature closely matches the share of popular votes it received.
 system.

Until July he had been juggling three cabinet posts -- finance, economic policy and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 -- after Shoichi Nakagawa Third Realigned Junichiro Koizumi>Koizumi Cabinet
(2005-10-31)

Secretary Shinzo Abe
Internal Affairs Heizo Takenaka
Justice Seiken Sugiura
Foreign Affairs Taro Aso
Finance Sadakazu Tanigaki
Education Kenji Kosaka
Health Jiro Kawasaki
 quit as finance chief in February over his apparently drunken behaviour at G7 talks in Rome.

-- Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July  contributed to this story --
Copyright 2009 AFP Asian Edition
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright (c) Mochila, Inc.

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Author:AFP
Publication:AFP Asian Edition
Date:Sep 1, 2009
Words:174
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