of dpj secretary gen gal to koshiishi who is close to ichiro ozawa and former prime minister yukio hatoyama. noda picked the former foreign minister seiji maehara as policy chief. this is a former chief cabinet secretary. >> translator: i filled key positions in a way that unified the party and to show my commitment to work for the japanese people. >> on the formation of his cabinet noda said his priority is party unity. he's considering creating a philippines ter exclusively for administrative reform in order to slash budget spending. noda wants to ready his cabinet to address immediate issues such as the nuclear crisis in fukushima and reconstruction of the disaster-hit areas. earlier we spoke to nhk's senior political commentator about japan's new prime minister. >> thank you for coming in. what is the first order of business for the new prime minister? >> noda has to take his cabinet members and fill executive posts and he'll likely use these appointments as an opportunity to ease friction within the democratic party. noda has already given promotion to a member of the camp that didn't

his predecessor was yukio hatoyama. served eight months. came to power in a landslide victory, the ldp, the ruling party pretty much through the second world war. mr. will hatoyama, the last of the ldp leaders. he was just a few days short of his first fourth year in office. then back to this man who held that position the year before that. before him, it was chinzo in office for just a year, september 2006 to september 2007. and before him, the position, the stability under this man. he swept to power and served a full five-year term before he stepped down. a very rare event in japanese politics. in fact, the longest standing prime minister in japan. you'd have to go back to 1987 to see that sort of thing. certainly he was, and still is, regarded as key figure in the japanese political scene. so the question is, what will investor think if yet another shift of power in japan? to help us answer that question how the installation of a new prime minister could affect the markets, managing director at jpmorgan joining us from our tokyo bureau.