Japanese Coalition Scrambles to Replace Premier
Prime Minister Morihiro Hosokawa's announcement today that he would resign sent his governing coalition scrambling to form a new government and to salvage at least some of the economic and political reforms Mr. Hosokawa promised when he took office last year. Mr. Hosokawa's sudden resignation nonetheless appeared to usher in a new period of political instability that Japanese and American officials feared could slow, and possibly derail, his program to empower consumers and urban voters and deregulate a country choking on bureaucracy.