The World - News from Feb. 8, 1989
The insider stock-trading scandal that has plagued Japanese Prime Minister Noboru Takeshita’s government since last summer claimed its 28th victim: the chairman of the No. 3 opposition party. Saburo Tsukamoto, head of the middle-of-the-road Democratic Socialist Party, announced that he will not seek another term. To continue in the post he has held since 1985, he said, would damage the party’s chances in Parliament elections in July. Last summer, Tsukamoto acknowledged having made a tax-exempt profit of $77,000 after buying, at a bargain price, unlisted shares in a subsidiary of Recruit Co. before the stock went public and the price soared.
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