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Ichiro Ozawa

Three More Lawmakers Quit Japan's Ruling Party

Three more upper house lawmakers from Japan's ruling party resigned late on Tuesday to protest government plans to restart nuclear reactors and double the country's consumption tax, according to reports. Their exit will further weaken the Democratic Party of Japan's presence in the upper house, where the DPJ is already in a minority. It comes a few weeks after politician Ichiro Ozawa and 48 other lawmakers quit in response to the ruling party's decision to increase the consumption tax to 10% by October 2015. DPJ Secretary General Azuma Koshiishi warned at a news conference that the DPJ-led government could "collapse" if party members don't realize it is in trouble, according to a Kyodo News report.Copyright © 2012 MarketWatch, Inc....

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  7. UPDATE 2-Japan auto lobby says dollar at 85 yen not en

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