SHOTLIST 1. Banner of new party being unveiled on stage, UPSOUND (Japanese) "The name of the party is, Taiyo No To (The Sunrise Party)" 2. Wide of former Tokyo governor Shintaro Ishihara walking onto stage and bowing before sitting down 3. Cutaway of cameramen 4. Wide of Ishihara walking towards podium 5. SOUNDBITE (Japanese) Shintaro Ishihara, former Tokyo governor: "In opposition to the major existing parties that are like an old army, we are the new army, and will fight against the old. Otherwise, Japan will not change." 6. Cutaway of cameras 7. SOUNDBITE (Japanese) Shintaro Ishihara, former Tokyo governor: "I cannot allow Japan to become the next Tibet. Take for instance the Senkaku issue, or Spratlys, the same problem is happening in the East China Sea. The Philippines and Vietnam are becoming victims. Why can't Japanese diplomacy stand up, why can't it propose to form an alliance or such to stop China's hegemony at sea." 8. Tilt down of news conference 9. Mid of Ishihara leaving the conference STORYLINE Tokyo's former governor and outspoken nationalist, Shintaro Ishihara, on Tuesday launched a new party and said he is preparing to compete in the next lower house elections. Ishihara and joint party leader Takeo Hiranuma held a news conference in Tokyo on Tuesday and announced the new party, named "The Sunrise Party". "In opposition to the major existing parties that are like an old army, we are the new army, and will fight against the old," Ishihara told reporters at the event. "Otherwise, Japan will not change," he added. The party incorporates a conservative opposition party that was previously headed by Hiranuma. Ishihara played a key role in reviving a bitter territorial dispute with China earlier this year, after he said Tokyo is preparing to buy a cluster of uninhabited islands in the East China Sea that are administered by Japan but also claimed by China. Referring to the ongoing dispute and China's presence in the region, Ishihara said he "cannot allow Japan to become the next Tibet", and criticised the government's handling of the disputed islands known as Senkaku in Japan and Diaoyu in China. "Why can't Japanese diplomacy stand up, why can't it propose to form an alliance or such to stop China's hegemony at sea," said Ishihara. The former governor of Tokyo said he plans to form alliances with other fledgeling parties that are gaining popularity in a bid to challenge Japan's two biggest parties, the ruling Democratic Party of Japan and the opposition Liberal Democratic Party, in lower house elections. The elections must be held before the current parliament expires next summer, but Japan's Prime Minister Yoshihiko Noda is facing increasing pressure as opposition parties call for dissolution of the parliament before the end of this year. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/af62405ab15ed09a594bc6453c22cd45 Find out more about AP Archive: http://www.aparchive.com/HowWeWork