Yasuo Fukuda
Fukuda was born in Takasaki, Gunma, the eldest son of politician (later the 67th Prime Minister) Takeo Fukuda. He grew up in Setagaya, Tokyo, attending Azabu High School and graduating from Waseda University in 1959 with a degree in economics. After university, he joined Maruzen Petroleum (now part of the Cosmo Oil Company). He was only minimally involved in politics over the next seventeen years, working his way up to section chief as a typical Japanese "salaryman". He was posted to the United States from 1962-64. While his father Takeo Fukuda was prime minister from 1976–78, Yasuo became a political secretary. From 1978 to 1989, he was a director of the Kinzai Institute for Financial Affairs, serving as a trustee from 1986 onward.
Yasuo Fukuda
The resignation led to another leadership election within the LDP. Tarō Asō was viewed as the likely front-runner to replace Fukuda, and was elected a week later. His popularity was hit by a controversial medical plan for elderly people, falling below 30% at one stage. He said:Today, I have decided to resign. We need a new line-up to cope with a new session of parliament. My decision is based on what I thought the future political situation ought to be. The Democratic Party has tried to stall every bill so it has taken a long time to implement any policies. For the sake of the Japanese people, this should not be repeated. If we are to prioritize the people's livelihoods, there cannot be a political vacuum from political bargaining, or a lapse in policies. We need a new team to carry out policies.