US EditionRace to Become Next LDP President Kicks Off Again
Following Prime Minister Shigeru Ishiba's resignation after the LDP's July election loss, multiple candidates including Toshimitsu Motegi have declared bids to lead the party.
- On Monday, former LDP secretary general Toshimitsu Motegi declared he will run in the LDP presidential election, launching the race a day after Shigeru Ishiba's resignation.
- Ishiba resigned after the July Upper House election loss and internal pressure, citing September 5 tariff talks and Ken Saito saying `It was the only way to avoid the risk of division`.
- Senior figures including Yoshimasa Hayashi, Chief Cabinet Secretary and potential candidate, are joined by Sanae Takaichi, 64, and Shinjiro Koizumi, 44, as leading contenders in the race.
- Markets reacted immediately with Japan's yen falling and stocks rising after Ishiba's resignation, while the loss of parliamentary majorities raises the possibility of an opposition leader becoming prime minister and investors expect delayed Bank of Japan tightening.
- Motegi's bid, however, is constrained by his dissolved faction amid a slush fund scandal, even as he supports boosting defence, restricting foreign land acquisition and building more nuclear plants.
14 Articles
14 Articles
Japanese PM Shigeru Ishiba's resignation ushers in a period of political uncertainty
The prime minister stepped down under mounting pressure within his own party, dissatisfied with July's upper house election defeat. He was also criticized for failing to curb the rising cost of living. His Liberal Democratic Party, still the largest force in parliament, is preparing for his succession.
Following the resignation of Prime Minister Ishiba, Japan's LDP permanent government party has four weeks to elect a new presidency, which could lead to a further shift in the right.
Japan: Senior LDP lawmakers begin bids to succeed PM Ishiba following resignation - The Statesman
Just a day after Japanese Prime Minister Shigeru Ishiba decided to step down as president of the Liberal Democratic Party (LDP), senior party leaders have thrown their hats into the ring in the race to become his successor.
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