Japanese Prime Minister Kakuei Tanaka formally announced his intention to resign in Tokyo on Tuesday (26th November).
TANAKA TALKS TO REPORTERS AT HIS PRIVATE RESIDENCE: ENTERS HIS OFFICIAL RESIDENCE: CABINET SECRETARY TAKESHITA ANNOUNCES RESIGNATION: POSSIBLE SUCCESSORS GATHER AT PARTY MEETING
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Background: Japanese Prime Minister Kakuei Tanaka formally announced his intention to resign in Tokyo on Tuesday (26th November). He will stay on as Premier for about ten days while ruling Liberal Democratic Party leaders (LDP) search for an appropriate successor. Mr. Tanaka met with reporters at his private Tokyo home before travelling to his official residence Tuesday morning to submit his resignation to LDP executives. Shortly afterwards Chief Cabinet Secretary Noburu Takeshita officially made the announcement public.
Later party executives met with contenders for the succession -- among them the favourite and longtime Tanaka-supporter Masayoshi Ohira -- at present Finance Minister -- and Tanaka's political enemy Takeo Fukuda, former Finance Minister. Also present at the meeting were former Deputy Premier Takeo Miki, and Trade and Industry Minister Yasuhiro Nakasone.
Premier Tanaka;s resignation announcement caused no great stir in Japan and wa long expected following allegations by a monthly news-magazine published in early November that he was using his positiBon to amass a personal fortune. Another factor in his downfall was the relatively poor showing of the LDP under his leadership in elections in July this year.