Fukuda's resignation OK'd, MOF in dire situation
Jiji -- Apr 25
Japan's cabinet on Tuesday approved the resignation of Vice Minister of Finance Junichi Fukuda, 58, who last week offered to quit over his alleged sexually harassing remarks.

The Ministry of Finance, which has strong budget and tax authority and is therefore called the most powerful government agency, is in a dire situation as two of the three vice-minister-level posts at the ministry are now vacant.

The credibility of the ministry has nearly collapsed amid the series of scandals, also including its manipulation of documents related to a controversial cut-price state land sale to school operator Moritomo Gakuen.

The ministry's work to rebuild itself, including the selection of the next vice minister, the top bureaucrat at the ministry, is tough at a time when opposition parties are demanding the resignation of Minister of Finance Taro Aso.

Aso, who doubles as deputy prime minister and is a close ally of Prime Minister Shinzo Abe, is expected to come under even stronger pressure to quit, following Fukuda's resignation.

News source: Jiji
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