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The Democratic Socialist Party was established in January 1960 when right-wing members of the Japan Socialist Party broke away to form their own group. In the past, the Democratic Socialist Party derived much of its financial and organizational support from the Domei private=sector labor confederation. Like the LDP and the Komeito, it supported the security treaty with the United States and the Self-Defense Forces. The party's chairman, Tsukamoto Saburo, was forced to resign in 1988 after it was revealed that he received 5,000 shares of stock from Recruit. The Democratic Socialist Party won fifteen seats in the July 1993 lower house elections and joined the Hosokawa coalition government.
More about the Government and Politics of Japan.
Source: U.S. Library of Congress