Japan's Finance Minister, Sadakazu Tanigaki last week announced his candidacy to assume the premiership when Prime Minister Junichiro Koizumi steps down in September.
Tanigaki is likely to face a tough fight against Koizumi's preferred candidate, chief cabinet secretary Shinzo Abe, although the Prime Minister has reportedly stated that Tanigaki is qualified to fill the role.
In addition to pledging to improve Japan's relationship with South Korea and China, Tanigaki is a strong supporter of a sales tax increase in order to reduce the country's massive public debt.
He has suggested in interviews that a level of 10% (up from the current rate of 5%) should be put in place by 2015.
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