Liberal-Democratic Party of Japan

Liberal-Democratic Party of Japan (LDP), Japan’s largest political party, which has held power almost continuously since its formation in 1955. The party has generally worked closely with business interests and followed a pro-U.S. foreign policy. During nearly four decades of uninterrupted power (1955–93), the LDP oversaw Japan’s remarkable recovery from World War II and its development into an economic superpower. The party largely retained control of the government from the mid-1990s, the main exception being...