Is It A Prize Worth Having
Hata still faced a challenge from Michio Watanabe, 70, who heads a large faction in the Liberal Democratic Party, which ruled Japan until it was deposed by Hosokawa’s reformers last year. Watanabe was willing to bolt the LDP with some of his followers and join the ruling coalition-provided it would make him prime minister. Watanabe’s ploy looked like a long shot. And whoever heads the government will face a long fist of problems: a stagnant economy, a trade fight with Washington and a nuclear threat from nearby North Korea....