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.
2012 Japanese general election
The LDP had governed Japan for all but three years since 1955. However, in the 2009 election, the LDP suffered the worst defeat of a sitting government in modern Japanese history. Due to the characteristics of the Japanese election system, DPJ candidates won 308 seats in the House of Representatives (64.2% of seats), enabling Yukio Hatoyama to become prime minister. Since then, Japan has had two other prime ministers, Naoto Kan and Yoshihiko Noda. On 16 November, Noda dissolved parliament, thus allowing for a new election in a month's time. He cited the lack of funds to carry on the functions of government and the need for an emergency budget.