The Liberal Democratic Party of Japan loses a 38-year hold on national leadership as Hosokawa Morihiro becomes the first non-LDP Prime Minister of Japan since 1955.

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The demands of internal growth are incomparably more important to us... than the need for any external expansion of our power.

Aleksandr Solzhenitsyn

Today In History

1992

The international community recognizes the independence of Slovenia and Croatia from the Socialist Federal Republic of Yugoslavia.