Japanese Prime Minister Resigns

Japanese Prime Minister Yukio Hatoyama has resigned after a remarkably short tenure:

Japanese Prime Minister Yukio Hatoyama announced Wednesday he will resign after eight months in power.

"I'm going to step down," Hatoyama declared in a live broadcast on Japanese television NHK, while addressing party members of both the upper and lower houses of the Diet, Japan's parliament.

"I have had many shortcomings, I have been allowed to lead all of you for the past eight months to today. I am extremely grateful for having been given this opportunity," he said.

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