Alberto Fujimori just short of outright victory. Eventually, Fujimori was credited with 49.89%—20,000 votes short of avoiding a runoff. Despite reports of numerous irregularities, the international observers recognized an adjusted victory of Fujimori. His primary opponent, Alejandro Toledo, called for his supporters to spoil their ballots in the runoff by writing "No to fraud!" on them (voting is mandatory in Peru). International observers pulled out of the country after Fujimori refused to delay the runoff. In the runoff, Fujimori won with 51.1% of the total votes. While votes for Toledo declined from 37.0% of the total votes cast in the first round
Alberto Fujimori perceived as a term of affection. With his election victory, he became just the second person of East Asian descent to become head of government of a Latin American nation, after Fulgencio Batista of Cuba and the third of East Asian descent to govern a South American state, after Arthur Chung of Guyana and Henk Chin A Sen of Suriname (each of whom had served as head of state, rather than head of government). During his first term in office, Fujimori enacted wide-ranging neoliberal reforms, known as Fujishock. During the presidency of Alan García, the economy had entered a period