(Update: Kaieda spoke in an agitated manner, incoherent speech. So that's what Ozawa backs - someone who's hapless. Makes sense, just look at the former PM Hatohama, dubbed "space alien". Now Minister of Finance Noda is speaking. Much calmer, focused.)
(Update: The meeting is live on the net. Right now, Kaieda is speaking. Nothing worthy of mentioning. Sumio Mabuchi, who has the least number of supporters, seems to have impressed many net viewers for his forthright message of the first thing first - tackle the Fukushima nuke plant and recover from the triple disaster of earthquake, tsunami, and nuke accident.)
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The members of the Democratic Party of Japan (DPJ) will elect the new leader for the party (who will then become the prime minister) in the early afternoon on August 29, JST.
The meeting of 398 DPJ members of the Diet has just started in Tokyo. The candidates are to give 15-minute speech to the audience before the voting.
The majority vote is necessary to determine the winner. If there is no majority winner in the first round of voting, then they vote on the top two in the first round.
The first round of voting will start around 12:20PM, and the tally will be in by 1PM. If the second round is necessary, it will start about 1:20PM after the top two in the first round tries to convince more voters to vote for them. By 2PM, we will know who will be the new DPJ leader and the next prime minister.
Minister of Economy, Trade and Industry Banri Kaieda is the front-runner to succeed the outgoing PM Kan. Minister of Finance Noda is considered second, followed by ex-Foreign Minister Seiji Maehara. None of them seems to have secured the majority vote (200).
If it is a popularity contest among the Japanese, ex-Foreign Minister Maehara would win, according to the Yomiuri poll, because he is not backed by the kingmaker Ichiro Ozawa and he is young (he's 49).
"It doesn't matter who's at the top, they're all the same" has been the attitude of most Japanese from the time immemorial. At the same time, they trust the government authority (yes, even today) and clamor for a strong leader to guide them.