Newly appointed Japan finance minister Naoto Kan faces the tough task of stimulating a struggling economy while keeping public debt under control. His role as deputy prime minister was to wrench policy powers away from bureaucrats.
American home prices rise for the third straight month and consumer prices fall in Japan.
Global stocks react negatively to a stronger Japanese Yen, weak US economic indicators
Hatoyama is thinking big on climate change and upending the bureaucracy, but offering little bold direction for ending Japan's extended economic slump. The new PM takes office Wednesday.