Japan finmin Noda wins run-off vote for PM

Finance Minister Yoshihiko Noda will become Japan's next Prime Minister after defeating Trade Minister Banri Kaieda in the run-off vote ruling party leadership run-off vote on Monday.

Finance Minister Yoshihiko Noda will become Japan's next Prime Minister after defeating Trade Minister Banri Kaieda in the run-off vote ruling party leadership run-off vote on Monday.


Noda, who came second in the first round of voting, got 215 votes and Kaieda 177.

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Noda is seen more likely than Kaieda to tackle Japan's massive public debt, which is double the size of the $5 trillion economy, and he has been financial markets' preferred candidate to succeed outgoing Prime Minister Naoto Kan.