A sixth party arose Tuesday from the demise of 173-member Shinshinto.

The six-member party, tentatively called Frontier Net, is likely to be led by Tatsuo Ozawa, a former health and welfare, and construction minister.

Shinshinto head Ichiro Ozawa said Tuesday the name of his new party would be the Liberal Party. Ozawa told a news conference that he reached back into history for his party's new name: It's taken from a Meiji Era party headed by Taisuke Itagaki called the Freedom and People's Rights Movement. "I want to make every effort to implement reform at a time when the country is facing difficulties, by going back to the origin of democracy," the former leader of Shinshinto said.

According to party sources, about 50 politicians might join this new party -- less than the 100 previously expected by Ozawa. Ozawa's followers include several Diet members who were affiliated with the now-defunct Democratic Socialist Party and Komeito. Tatsuo Ozawa told reporters that through Frontier Net, he wants to contribute to promoting reforms. He also said the policies now being implemented by the ruling parties are wrong.

While the newly formed party will pursue policies similar to Shinshinto's, its management will be more transparent, he said. Ozawa criticized Shinshinto chief Ichiro Ozawa over his management style and the way he abruptly announced the party's dissolution. "I wish that all Shinshinto members remained united after the presidential election (on Dec. 18)," Tatsuo Ozawa said. "Although party chief Ozawa says that lawmakers who share the same political ideology and basic policies should get together, not everyone can follow his idea."

Meanwhile, the ruling Liberal Democratic Party said that it will accept five Lower House members from Shinshinto. With the addition of the new members, the LDP's strength in the 500-member lower house stands at 259. The five Shinshinto defectors are Ichizo Miyamoto, Koki Hagino, Jin Murai, Masahiro Koga and Kozo Yamamoto.

Another 32 Shinshinto members in the Lower House associated with the now-defunct Komeito are finalizing the outline of their new party, Shinto Heiwa (New Party Peace), which is expected to be led by Takenori Kanzaki. Representatives from the six parties to be created in early January gathered at Shinshinto's headquarters Tuesday afternoon to receive a briefing about the procedure for breaking up the three-year old party. It was decided that Shinshinto will be formally disbanded today.