Japanese finance minister stepping down

Amid claims that he was drunk at a recent G7 meeting, Japan’s Finance Minister Shoichi Nakagawa has resigned.
He resigned shortly after a shaky performance at a G-7 meeting where participants accused him of being drunk.

“I deeply apologize to the prime minister, the people and members of parliament for the significant trouble I caused,” Nakagawa, 55, told reporters today, according to Bloomberg News.

In addition to the growing financial turmoil gripping Japan, over the past three years the leadership of the country has changed three times, with countless cabinet reshuffles and resignations in between.

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