Japan's prime minister conceded defeat in parliamentary elections Sunday, signaling the return to power of the Liberal Democratic Party and ending the brief rule of the disappointing upstart Democratic Party of Japan.Please bookmark!
Prime Minister Yoshihiko Noda pledged to step down as party president after exit polls showed a smashing loss in lower house voting. The party, once seen as a breath of fresh air in Japanese politics, came to be regarded as increasingly ineffective.
"We got a regrettable result," Noda said. "The result is everything in the politics. The biggest responsibility lies on me. I will quit as the partly leader of DPJ."
The move clears the way for the return to power of former Prime Minister Shinzo Abe, the current leader of the conservative-leaning Liberal Democratic Party, or LDP.
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