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Japanese PM likely to resign in July: media

06-20-2011 21:18 BJT

TOKYO, June 20 (Xinhua) -- Japanese Prime Minister Naoto Kan is likely to step down in July in exchange for obtaining opposition cooperation to pass a new extra budget and a bill needed for the government to issue deficit-covering bonds in fiscal 2011, local media reported Monday.

Kyodo News quoted the ruling Democratic Party of Japan (DPJ) lawmakers as saying that the embattled Kan has been persuaded by senior party members and considered to resign in July to avoid legislative gridlock.

Kan is expected to hold a news conference this week and "to specify when he would leave office in the coming days," Kyodo said, adding that this will depend on the results of his meeting with DPJ executives Monday night.

If Kan holds a news conference, he is expected to call for opposition parties to cooperate in passing the extra budget and the bill that is essential for the government to secure about 40 percent of the revenue planned in the annual budget for fiscal 2011.

The DPJ-led government is seeking to pass the second supplementary budget by around mid-July to fund additional relief measures for the victims of the March 11 earthquake and tsunami

Kan already met with DPJ Secretary General Katsuya Okada and other senior lawmakers Sunday. The latter were reported to have told Kan not to leave the exact resignation date vague any longer.

But they seemed to fail to strike a deal during the talks. On Monday, Kan told a parliamentary session that "the most important" aspect of being Japan's leader is making efforts to create an environment in which both ruling and opposition parties can work together to deal with a host of challenges facing the country.

In early June, Kan survived a no-confidence motion by promising he will turn over his job to the younger generation once certain progress is made in rebuilding the disaster-stricken region and containing the nuclear crisis.

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Editor:Zhang Ning |Source: Xinhua

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