Obuchi Keizo

Obuchi Keizo (born June 25, 1937, Nakanojō, Gumma prefecture, Japan—died May 14, 2000, Tokyo) was a Japanese politician who was prime minister from July 1998 to April 2000 and is credited with reversing Japan’s economic downturn.

Obuchi received a degree in English literature from Waseda University, Tokyo, in 1962. The following year, he won the seat his father had held in the House of Representatives, becoming the youngest person ever elected to the Diet (parliament). Although he was often said to be bland and undistinguished, his political career was successful. In 1973 he was appointed deputy director general in the prime minister’s office and in 1987 chief cabinet secretary. As he rose through the ranks of the ruling Liberal-Democratic Party (LDP), he became known particularly for the ability to forge compromises among its factions. He became deputy secretary-general of the party in 1984 and secretary-general in 1993. In 1997 he was appointed foreign minister, and on July 24, 1998, following LDP election losses, he succeeded Hashimoto Ryūtarō as president of the party.

Obuchi became prime minister on July 30 and moved quickly to deal with the country’s economic problems. He was able to win approval in the Diet for a bailout of banks holding bad loans, and he cut income taxes and increased spending. The policies had the intended short-term effect; by mid-1999 the Japanese economy was expanding once again. On April 2, 2000, however, Obuchi suffered a stroke that left him in a coma. He was replaced as president of the LDP and as prime minister and died six weeks later.