02 Sep '11, 6am

Japan finance chief Azumi a financial unknown: He became the ruling Democratic Party of Japan's Diet affairs' ch...

Japan finance chief Azumi a financial unknown: He became the ruling Democratic Party of Japan's Diet affairs' ch...

TOKYO - Sharp-tongued former political journalist Jun Azumi will go into battle as Japan's new finance minister against a punishingly strong yen, ballooning public debt and a moribund economy. A relative unknown to financial markets, the 49 year-old is expected to maintain predecessor Yoshihiko Noda's drive for fiscal reform to help pay for post-disaster reconstruction costs and pare down a debt twice the size of the economy. Born in 1962 to the family of a town mayor, the nation's fourth-youngest postwar finance minister hails from Ishinomaki in Miyagi prefecture, a fishing community hit heavily by the March earthquake and tsunami. The media-savvy father-of-two is known for his regular appearances on political discussion programmes, which continued even after being named a deputy defence chief a year ago. He became the ruling Democratic Party of Japan's Diet affairs' chie...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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