Yoshimi Watanabe

Watanabe formed Your Party as a splinter from the Liberal Democratic Party prior to the 2009 general election. His party ran on a platform of downsizing Japan's vast bureaucracy, but managed to win only five seats in the election, which was a resounding victory for the opposition Democratic Party of Japan. The party pushed forward into 2010 with a platform of deregulation and halving the corporate tax rate.[6] His new party became popular among private investors and upper middle-class professionals.[7]

Your Party won ten seats in the House of Councillors in the 2010 election, the third-strongest showing behind the LDP and DPJ. Watanabe planned to use his party's popularity to push for fiscal reforms, stating: "Our priority is anti-deflation legislation because Japan's economy faces the risk of a double-dip recession. We want to revise the BOJ law so the central bank and the government can agree on a goal of 2 percent inflation within two to three years."[8] Watanabe was chosen as the Japanese public's most preferred candidate for prime minister in a July 2010 poll.[9]

In January 2012, Watanabe announced that Your Party would join forces with Osaka governor Toru Hashimoto's political group Osaka Ishin-no-kai, and praised Hashimoto's economic reform efforts in Osaka.[10] He announced that Your Party would sever ties with Hashimoto's Japan Restoration Party in May 2013 after Hashimoto made controversial comments regarding comfort women being a necessary part of World War II and suggesting that American servicemen use the Japanese sex industry to keep their urges under control.[11]

Watanabe opposed the appointment of Haruhiko Kuroda as president of the Bank of Japan, saying that he would prefer to see a president come from a background other than the Ministry of Finance; he instead supported Heizo Takenaka for the position.[12]

In April 2014, Watanabe was found to have accepted a loan of 800 million yen from the chairman of a cosmetics company without disclosing it as a political donation. While insisting that the loan was used for personal purposes and not for political activities, he resigned as president of Your Party.[13] The party commissioned an investigation by an outside attorney and CPA, who found that Watanabe had paid interest on the loan and had mainly used the funds for paying credit card bills for himself and his wife. While they found no violation of campaign finance laws, they discovered that Watanabe had also borrowed money from five other parties totaling 615 million yen.[14]

In the 2014 House of Representatives election, Watanabe lost his Tochigi 3 seat as an independent to Liberal Democrat Kazuo Yana by more than 11.000 votes.[15] In the 2016 House of Councillors election, Initiatives from Osaka announced that he would be nominated in the (nationwide) proportional district.[16] He won a seat in the election, stating after the victory that "the story of my 'revenge' starts today. I would like to restart from scratch and work hard."[1]