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(1)Koizumi, Kan in by-election campaign

TOKYO, Japan - Prime Minister Junichiro Koziumi waves at voters during his House of Representatives by-election campaign in Tokyo on April 19. The April 27 race between Liberal Democratic Party (LDP) candidate Michio Ochi and Democratic Party of Japan (DPJ) candidate Yoko Komiyama is seen as a litmus test for the next general election.

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(1)Koizumi, Kan in by-election campaign

TOKYO, Japan - Prime Minister Junichiro Koziumi waves at voters during his House of Representatives by-election campaign in Tokyo on April 19. The April 27 race between Liberal Democratic Party (LDP) candidate Michio Ochi and Democratic Party of Japan (DPJ) candidate Yoko Komiyama is seen as a litmus test for the next general election. (Kyodo)

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Tanigaki named to succeed Ochi

TOKYO, Japan - File photo shows Sadakazu Tanigaki, former Science and Technology Agency chief, who was appointed Feb. 25 to succeed Michio Ochi who resigned earlier in the day as chairman of the Financial Reconstruction Commission (FRC).

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Ochi refuses to resign for remarks on bank inspections

TOKYO, Japan - Michio Ochi (C), chairman of the Financial Reconstruction Commission (FRC), is surrounded by reporters at the Diet on the morning of Feb. 25. Ochi said he would not resign over remarks he made that apparently suggested he was willing to make bank audits more lenient.

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New FRC chief meets the press

TOKYO, Japan - Sadakazu Tanigaki (R), new chairman of the Financial Reconstruction Commission (FRC), is introduced by Chief Cabinet Secretary Mikio Aoki (L) during a news conference at the prime minister's official residence Feb. 25. Tanigaki has replaced Michio Ochi, who was forced to resign for remarks hinting at leniency for smaller banks.

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FRC chief Ochi quits

TOKYO, Japan - Financial Reconstruction Commission (FRC) Chairman Michio Ochi (C) speaks to reporters after tendering his resignation to Prime Minister Keizo Obuchi on Feb. 25. ''My careless remarks have created a stir, and I believe my resignation would solve the problem,'' Ochi said.

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Softbank group given 1st shot in NCB purchase talks

TOKYO, Japan - Michio Ochi (2nd from R), chairman of the Financial Reconstruction Commission (FRC), is about to take a seat for a news conference Feb. 24, where he announced a decision to give a group of companies led by Softbank Corp. the first shot at negotiating the terms of the proposed purchase of the nationalized Nippon Credit Bank (NCB).