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Hosokawa announced his candidacy alongside Koizumi on January 14. His campaign was supported by several key members of his 1993-94 coalition: Banri Kaieda and Ichirō Ozawa, who had since become the heads of the Democratic Party of Japan and People's Life Party respectively, threw their support behind Hosokawa, while Shusei Tanaka and Yoriko Madoka were enlisted as his policy advisors.