Japan PM says ministers to resign on August 30

TOKYO Aug 23 — Japanese Prime Minister Naoto Kan told his cabinet ministers today that they are likely to resign on August 30 Japanese Economics Minister Kaoru Yosano said today The unpopular prime minister s comments effectively confirmed his intention to resign in coming days clearing the way for Japan to select its sixth prime minister since Junichiro Koizumi ended a rare five-year term in 2006 The ruling Democratic Party of Japan is planning to pick a new leader on August 29 setting the stage for parliamentary confirmation of a new premier and the selection of a new cabinet Yosano also told a news conference that the government needs to devise steps to cope with the negative effects of the yen rise in the coming third supplementary budget for this fiscal year — Reuters

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