SGAM: Fukuda resignation will have little impact on frail Japan

Group says departing PM unlikely to affect troubled economy

Société Générale Asset Management is confident the resignation of Prime Minister Yasuo Fukuda will have little impact on the already-frail Japanese economy. The leader of ruling Liberal Democratic Party Yasao Fukuda stood down last week after less than a year in office. He was understood to be disheartened by ongoing political struggles in the Japanese Parliament between the LDP, which controls the lower house, and the Democratic Party of Japan, which controls the upper house. Senior economist at SGAM Yvan Mamalet said: "The political backdrop in Japan has been frail for a very long t...