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Reuters: Japan Ruling Party Picks Kan For PM Before Election

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Tags: Japan, Naoto Kan, Prime minister

Finance Minister Naoto Kan, a fiscal conservative with an image as a challenger to the status quo, was elected as Japan's next premier on Friday, improving the ruling party's chances in a national election and raising hopes of bolder steps to fix tattered public finances.

Kan, 63, will become Japan's fifth prime minister in three years, taking the helm as the country struggles to rein in a huge public debt, engineer growth in an aging society, and manage ties with security ally Washington and a rising China.

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