Tokyo, Sep 11 (IANS) Japanese Prime Minister Shinzo Abe on Wednesday reshuffled his cabinet with the hefty revamp aimed at boosting public support while retaining the services of his allies holding similar political views in key ministerial and executive positions.
The reshuffle, which followed a revamp of his Liberal Democratic Party (LDP) executive lineup earlier Monday, has seen 17 of Abe's 19 cabinet ministers either replaced or reassigned within the government, with as many as 13 new ministers being introduced, reported Xinhua news.
Finance Minister Taro Aso, who doubles as deputy prime Minister, and Chief Cabinet Secretary Yoshihide Suga have retained their positions, as they have served as particularly close allies of Abe in their respective posts, held since Abe returned to power in 2012.
In other key moves, Foreign Minister Taro Kono was picked as Defence Minister and Economic Revitalisation Minister Toshimitsu Motegi was given the Foreign Minister portfolio.
In a move aimed at increasing public support for the party, 38-year-old Shinjiro Koizumi, son of former Prime Minister Junichiro Koizumi, who is believed by some media outlets to be in the running for the top post in the future and is a hit with the public, was given a cabinet position and will take up the environment minister portfolio in his first role as a minister.
In other moves aimed at shoring up support among his administration Koichi Hagiuda, executive acting secretary general of the LDP was named Education Minister.
Abe's current term will end in 2021. He will become the longest-serving prime Minister in the country's history on November 20 this year.
He had earlier headed the Japanese government between 2006 and 2007.
New York, Feb 19 (IANS) The US dollar was up in late trading on Tuesday due to rising risk aversion in the market.
The ZEW Indicator of Economic Sentiment for Germany decreased sharply in February, falling 18.0 points to a new reading of 8.7 points, according to latest release by Leibniz Centre for European Economic Research (ZEW) on Tuesday, the Xinhua news agency reported,
On Tuesday morning, the exchange rate of Euro against US dollar once fell to 1.0786, the lowest level since April 21, 2017.
"The Euro is again under selling pressure this morning as it touched a three-year low against the U.S. dollar. The most recent dip lower for the Euro was caused by data out of Germany that showed investor confidence came out weaker than expected," said U.S. foreign exchange payment platform Tempus on Tuesday.
The dollar index, which measures the greenback against six major peers, was up 0.26 per cent at 99.4436 in late trading.
In late New York trading, the euro was down to $1.0792 from $1.0833 in the previous session, and the British pound was down to $1.2999 from $1.3000 in the previous session. The Australian dollar fell to 0.6685 dollar from 0.6715 dollar.
The dollar bought 109.87 Japanese yen, lower than 109.93 Japanese yen of the previous session. The dollar was up to 0.9828 Swiss franc from 0.9809 Swiss franc, and it was up to 1.3252 Canadian dollars from 1.3234 Canadian dollars.