What Happens to Japan’s Economy When the Prime Minister Resigns

Japan’s Prime Minister Fukuda called it quits. He said he is stepping down because of a political deadlock that makes it impossible for him to do anything, like promote his key policies.

The opposition is blasting Fukuda and the Liberal Democratic Party for not having any longevity. Two PMs have resigned without serving out a full year.

“After considering the lives of the people, I decided that we need to have a solid team in place to go into the next Diet session,” Fukuda said. “New leaders should take over to win approval for key policies.”

Fukuda decided to step down after the economic stimulus package was drawn up.

LDP lawmakers didn’t want to go into the next lower house election behind the unpopular Fukuda. Junior members in the party coalition are at odds with Fukuda over extending the Self-Defense Force’s refueling mission.

But, what happens to Japan’s economy when a PM steps down like this?

Answer – nothing. Life goes on.