JAPANESE PM RESIGN

Japan's Prime Minister Naoto Kan attends a general meeting of his ruling Democratic Party of Japan (DPJ) lawmakers at the parliament building in Tokyo, August 26, 2011

TOKYO (AP) — Japanese Prime Minister Naoto Kan announced Friday he is resigning after almost 15 months in office, amid plunging approval ratings over his government's handling of the tsunami disaster and nuclear crisis.

• In a nationally televised speech, Kan said he was stepping down as chief of the ruling Democratic Party of Japan, effectively ending his tenure as leader of the country. A ruling party vote on Monday will pick a new leader, who will officially replace Kan as prime minister — the country's sixth in five years.

Japan has been plagued by high turnover in political leadership at a time when the country faces huge problems, including an aging population, bulging debt and stagnant economy — and now reconstruction from the worst disaster to hit the country since World War II.

Source: AP read more..