Incumbents

• Emperor
  Emperor of Japan
  The Emperor of Japan is, according to the 1947 Constitution of Japan, "the symbol of the state and of the unity of the people." He is a ceremonial figurehead under a form of constitutional monarchy and is head of the Japanese Imperial Family with functions as head of state. He is also the highest...
  
  : Akihito
  Akihito
  is the current , the 125th emperor of his line according to Japan's traditional order of succession. He acceded to the throne in 1989.-Name:In Japan, the emperor is never referred to by his given name, but rather is referred to as "His Imperial Majesty the Emperor" which may be shortened to . In...
  
  
• Prime Minister
  Prime Minister of Japan
  The is the head of government of Japan. He is appointed by the Emperor of Japan after being designated by the Diet from among its members, and must enjoy the confidence of the House of Representatives to remain in office...
  
  : Kiichi Miyazawa
  Kiichi Miyazawa
  was a Japanese politician and the 78th Prime Minister from November 5, 1991 to August 9, 1993.-Early life and career:Miyazawa was born in Fukuyama, Hiroshima Prefecture, and graduated from Tokyo Imperial University with a degree in law. In 1942 he joined the Ministry of Finance...
  
   and Hosokawa Morihiro

Events

• July 7: G7 summit is held in Tokyo
  Tokyo
  , ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
  
  .
• July 18: General elections for the House of Representatives of Japan
  House of Representatives of Japan
  The is the lower house of the Diet of Japan. The House of Councillors of Japan is the upper house.The House of Representatives has 480 members, elected for a four-year term. Of these, 180 members are elected from 11 multi-member constituencies by a party-list system of proportional representation,...
  
   are held. The Liberal Democratic Party
  Liberal Democratic Party (Japan)
  The , frequently abbreviated to LDP or , is a centre-right political party in Japan. It is one of the most consistently successful political parties in the democratic world. The LDP ruled almost continuously for nearly 54 years from its founding in 1955 until its defeat in the 2009 election...
  
   fails to secure a majority
  Majority
  A majority is a subset of a group consisting of more than half of its members. This can be compared to a plurality, which is a subset larger than any other subset; i.e. a plurality is not necessarily a majority as the largest subset may consist of less than half the group's population...
  
  .
• August 6: Hosokawa Morihiro is elected as new Prime Minister of Japan
  Prime Minister of Japan
  The is the head of government of Japan. He is appointed by the Emperor of Japan after being designated by the Diet from among its members, and must enjoy the confidence of the House of Representatives to remain in office...
  
  . A non-Liberal Democratic Party coalition government
  Coalition government
  A coalition government is a cabinet of a parliamentary government in which several political parties cooperate. The usual reason given for this arrangement is that no party on its own can achieve a majority in the parliament...
  
   composed of seven parties is formed.

Statistics

• Yen
  Japanese yen
  The is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling...
  
  value: US$1 = ¥109.91(Dec. 01)