Former Preuvian president Alberto Fujimori (1990 - 2000) is trying for a comeback !! He plans to run for president in Peru's 2006 election (although he's been formally banned from political participation until 2010). Current president Alejandro Toledo is not eligible for re-election (though with approval ratings hovering around the single digits, that's a moot point; see Peru: Administration in Crisis and Peru's Toledo Announces Plans to Shuffle Cabinet (Update2)).
Doesn't appear that there's any clear successor, although the former Finance Minister and current Prime Minister Pedro Pablo Kuczynski is rumored to be interested in the job.
Up until now, Fujimori's been conducting his campaign from the safety of Japan (Fujimori is of Japanese descent, holds Japapnese citizenship, and Japan has refused to extradite him to Peru). However, he was arrested today in Chile. It's unclear whether or not the Chileans will send him back to Peru.
BBC NEWS Americas Fujimori arrested on Chile visit
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