This was the minister negotiating the TPPA
Mr Amari was regarded as the architect of Abenomics - PM Shinzo Abe's economic plan to pull Japan out of deflation
Mr Amari, left, has been described as one of Prime Minister Shinzo Abe's most trusted members of parliament
Japanese economy minister Akira Amari quits over bribery claims
Mr Amari was regarded as the architect of Abenomics - PM Shinzo Abe's economic plan to pull Japan out of deflation
Japan's
Economy Minister Akira Amari has said he is resigning amid corruption
allegations.
Mr
Amari unexpectedly made the announcement at a press conference in
Tokyo on Thursday.
But
he again denied personally receiving bribes from a construction
company, as had been alleged by a Japanese magazine.
The
development will be seen as a significant blow for Prime Minister
Shinzo Abe.
Mr
Amari, who has been minister of state for economic and fiscal policy
since late 2012, has been widely described as one of Mr Abe's most
trusted members of parliament.
As
Japan's lead negotiator for the Trans Pacific Partnership (TPP)
agreement, Mr Amari was expected to travel to New Zealand next week
to sign the agreement.
He
was also regarded as the architect of Abenomics - Mr Abe's plan to
pull the world's third largest economy out of deflation.
"This
is possibly the biggest scandal the Abe administration has faced,"
said the BBC's Mariko Oi.
Mr Amari, left, has been described as one of Prime Minister Shinzo Abe's most trusted members of parliament
"His
resignation will probably raise even more questions over Mr Abe's
economic policies - or Abenomics," our correspondent added.
"It
may also raise further opposition within Japan to the TPP."
Mr
Amari will be replaced by Nobuteru Ishihara, formerly the country's
environment minister.
'I'm no exception'
A
local magazine had reported last week that Mr Amari and his aides
were given money and gifts worth some 12m yen ($101,000; £70,500) by
a construction company in return for some favours linked to land
ownership.
Mr
Amari said he did receive money which he wanted declared as a
political donation, however, he said some of it was mishandled by his
staff.
Japan's
economy, which has been struggling with deflation for nearly two
decades,avoided
a technical recession in
the three months to September last year.
"Japan
is finally emerging from deflation," Mr Amari told the press
conference, as reported by Reuters.
"We
need to pass legislation through parliament for steps to beat
deflation and create a strong economy as soon as possible.
"Anything
that hampers this must be eliminated, and I'm no exception,"
Reuters reported him as saying.
"I,
therefore, would like to resign as minister to take responsibility
[for what my aide has done]," he said, according to Reuters.
Mr
Amari is the fourth member of Mr Abe's cabinet to resign amid
allegations of bribery, among other issues.
Mr
Abe has apologised for the latest resignation.
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