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Japan Appoints New Prime Minister

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Naoto Kan has been installed as Japan's new prime minister, following the resignation of Yukio Hatoyama earlier this week.

Hatoyama, who had been in power just under a year, handed in his resignation Wednesday. He cited  failure to follow through on promises made during his campaign, including moving a U.S. military base off Okinawa. According to the BBC, he had also became embroiled in a financial scandal.

Kan, a member of the Democratic Party of Japan, previously served as Hatoyama's Minister of Finance. In his acceptance speech today, he pledged to work on several issues, including striking a compromise on relocation of the base, improving Japan's economy, and working with the nation's allies, according to The New York Times.

The Associated Press reports that Kan will face several challenges as he takes office, including restoring the public's trust in its leaders and repairing international relationships. Kan is expected to appoint his cabinet sometime next week.