TOKYO: Japan’s Prime Minister Fumio Kishida said on Wednesday he would step down next month, succumbing to public disaffection over political scandals...
Japan’s Prime Minister Fumio Kishida confirmed on August 14 that he will not seek re-election as head of his party next month, meaning the end of his premiership - REUTERSpix: Japan’s Prime Minister Fumio Kishida said on Wednesday he would step down next month, succumbing to public disaffection over political scandals and rising living costs that marred his three-year term, and setting off a scramble to replace him.
Kishida’s ratings dipped after he took office in 2021 following revelations about the LDP’s ties to the controversial Unification Church. “It’s like the grand champion yokozunas of sumo. You don’t just win, but you need to win with grace.” Kishida’s departure could mean tighter fiscal and monetary conditions, depending on the candidate, said Shoki Omori, chief Japan desk strategist at Mizuho Securities in Tokyo.Kishida’s premiership was also marked by a changing security environment that spurred Japan to revisit its traditionally pacifist policy.
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