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LDP Loss Mixed Blessing for Koizumi
April 4, 2002
Summary
In what is being touted as a major defeat for Japanese Prime Minister Junichiro Koizumi's Liberal Democratic Party, independent candidate Hiroshi Nakada beat three-term incumbent and LDP member Hidenobu Takahide in the March 31 Yokohama mayoral race. Nakada's victory may be a defeat for the scandal-ridden LDP, but Koizumi could use the loss to strengthen his position within the party as a key voice of reform in the face of the obstinate old guard. The danger for Koizumi, however, is building a new support base on the backs of independent young ideologues whose own political loyalties shift like sand.
Analysis
Hiroshi Nakada, an independent candidate and three-term member of Japan's House of Representatives, defeated the three-term incumbent mayor of Yokohama in a March 31 upset by more than 21,000 votes.
Nakada campaigned on a platform of term limits for mayors, transparency in the city budgets and Yokohama's five trillion-yen debt. His opponent, ruling Liberal Democratic Party member Hidenobu Takahide, based his campaign on his 12 years of experience and a focus on ensuring security during the upcoming soccer World Cup.
Japanese media quickly termed Nakada's election a major defeat for Japanese Prime Minister Junichiro Koizumi's LDP, which is reeling from a series of scandals and public dissatisfaction with the party's economic programs. Although the LDP's popularity is certainly fading, Koizumi is trying to turn the loss into a personal gain by emphasizing that the election showed the Japanese people's desire for change. As the reform-minded maverick in the conservative LDP, Koizumi appears poised to turn this loss into a rallying cry for change, increasing pressure on the party's obdurate old-guard factions.
The entire world is watching to see if Tokyo can keep the globe's second-largest economy from going belly-up. Koizumi's campaign cry of "Change the LDP, Change Japan" raised hopes that he was the long-awaited reformer ready to tackle Japan's moss-covered political system and revive its mired economy. It has become apparent, however, that Koizumi's calls for reform do not extend to facilitating the socially painful economic restructuring Japan needs and so virulently dreads.
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(c) 2002 Stratfor, Inc.
Dan
LDP Loss Mixed Blessing for Koizumi . . .
