Japan’s PM Agrees to Hold December Elections

Prime Minister Yoshihiko Noda said on Wednesday that he was ready to dissolve Parliament in two days, setting the scene for December elections that could end his administration and thrust Japanese politics into more uncertainty.

A nationwide ballot could usher in Japan’s sixth prime minister in as many years and, with no clear projected winner, deepen the nation’s political inertia at a difficult time for the country.

Tokyo is embroiled in a damaging territorial dispute with China, and Japan’s economy, mired in deflation, is edging toward its third recession in just over three years. Reconstruction after the tsunami and nuclear disaster last year is stalling, and the population is declining and public debt rising.

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