Weekend Times


Google Workspace

Business News

Why did Japan’s prime minister decide to step down? And who might replace him?

  • Written by Craig Mark, Adjunct Lecturer, Faculty of Economics, Hosei University

In a surprise announcement, Japanese Prime Minister Fumio Kishida said[1] today he would step down as leader of the ruling Liberal Democratic Party (LDP) next month, bringing his premiership to an early end.

Since coming to office in October 2021, Kishida has struggled to overcome dire approval ratings.

The party has been dogged by revelations[2] of ties to the Korean-based Unification Church in the wake of the assassination of former Prime Minister Shinzo Abe in July 2022, as well as a political fundraising scandal[3] uncovered last November.

Kishida dissolved his own powerful faction in the party and pressured the largest conservative faction, formerly headed by Abe, to dissolve itself in the wake of the scandal. Up to 80 LDP members of the Diet (Japan’s parliament) were implicated, and four cabinet ministers resigned[4].

Public prosecutors investigating the scandal decided not to proceed[5] with indictments against Kishida and seven other senior LDP figures, due to lack of evidence.

Just three months ago, Kishida vowed he would not step aside[6], instead pledging to push anti-corruption measures and other political reforms.

To try to stem the damage, the LDP passed a bill[7] in the Diet in June to reform the political funds control law, but the opposition called it inadequate.

The chief of the Maritime Self-Defence Force also resigned[8] last month over allegations he mishandled national security information, making things even tougher for the Kishida government.

In a poll in late July, 74% of respondents[9] said they did not want Kishida to stay on as party leader after the LDP leadership election in September. With his public unpopularity remaining entrenched, he was unlikely to receive the backing of a majority of LDP Diet members in next month’s vote.

Widely considered a consistent foreign policy performer, Kishida had a series of strong diplomatic appearances in recent months. He attended[10] NATO’s 75th anniversary summit in Washington, followed by an official visit to Germany[11]. He then returned to Tokyo to host[12] the Pacific Island Leaders meeting last month.

He had been due to embark on a tour of Central Asia last week, but cancelled[13] the trip after a magnitude 7.1 earthquake struck Japan.

Kishida at the NATO summit.
Kishida temporarily escaped the political turmoil at home to attend the NATO Summit in July. Yonhap News Agency/EPA

Rivals are already emerging

Kishida’s rivals have already started to position themselves for next month’s leadership election – and to become Japan’s new prime minister.

Shigeru Ishiba, a former defence minister and LDP secretary-general, regularly polls as the public’s preferred candidate[14]. He has already announced[15] he will run, with the backing of Kishida’s predecessor, Yoshihide Suga.

LDP Secretary-General Toshimitsu Motegi, who refused to dismantle his faction in the wake of the fundraising scandal, is also considered a potential contender. Digital Minister Taro Kono, one of Kishida’s opponents in the 2021 leadership race, is another.

Economic Security Minister Sanae Takaichi and Foreign Minister Yoko Kamikawa could also enter the contest. If either of them won, Japan would have its first female prime minister.

Challenges remain

Whoever replaces Kishida in September will then have to restore the LDP’s electoral fortunes before the next national election, due by October 2025.

Key to this will be reinvigorating Japan’s sluggish growth[16], which has shown the relative failure of Kishida’s “New Capitalism[17]” policy to revive the economy.

The weak yen has boosted export earnings and profits for some of Japan’s largest corporations, in addition to helping the tourism industry exceed pre-pandemic levels. But higher-priced imports have further dampened consumption among ordinary Japanese, particularly those on fixed incomes and in irregular, low-paid, casual work.

Japan’s shrinking labour force also continues[18] to exacerbate economic and social strains.

And just days ago, the decision by the Bank of Japan to raise interest rates[19] to 0.25% triggered a wave of stock market volatility. The Nikkei index suffered its biggest drop[20] since 1987, although it has largely recovered since then.

Despite Kishida’s considerable efforts to boost Japan’s alliances[21] and a recent boost[22] in defence spending, the country also faces an increasingly threatening security environment. This could become even more challenging if Donald Trump wins the US presidency in November.

Despite the recent missteps and scandals, the LDP is still likely to return to power in the next election, given the ongoing weakness of the main opposition Constitutional Democratic Party.

The next prime minister could then decide to hold a snap election this year, taking advantage of a brief honeymoon period to exploit the disunity among the opposition parties.

However, it will take a lot for any new leader to appeal to a Japanese public that is weary and jaded after years of political drama.

References

  1. ^ said (www.abc.net.au)
  2. ^ revelations (apnews.com)
  3. ^ political fundraising scandal (www.bbc.com)
  4. ^ resigned (www.bbc.com)
  5. ^ not to proceed (english.kyodonews.net)
  6. ^ vowed he would not step aside (apnews.com)
  7. ^ passed a bill (japannews.yomiuri.co.jp)
  8. ^ resigned (www3.nhk.or.jp)
  9. ^ 74% of respondents (www.asahi.com)
  10. ^ attended (www.mofa.go.jp)
  11. ^ official visit to Germany (japan.kantei.go.jp)
  12. ^ host (japan.kantei.go.jp)
  13. ^ cancelled (www3.nhk.or.jp)
  14. ^ public’s preferred candidate (www.japantimes.co.jp)
  15. ^ announced (www.asahi.com)
  16. ^ growth (english.kyodonews.net)
  17. ^ New Capitalism (thediplomat.com)
  18. ^ continues (eastasiaforum.org)
  19. ^ raise interest rates (asia.nikkei.com)
  20. ^ biggest drop (apnews.com)
  21. ^ boost Japan’s alliances (theconversation.com)
  22. ^ recent boost (www.ussc.edu.au)

Authors: Craig Mark, Adjunct Lecturer, Faculty of Economics, Hosei University

Read more https://theconversation.com/why-did-japans-prime-minister-decide-to-step-down-and-who-might-replace-him-236797

The Weekend Times Magazine

Baking Tools and Equipment Your Bakery Needs

It can be hard to resist the smell of fresh bread or devouring a freshly baked cake. Fortunately, some people have a knack for kneading dough and baking up a...

Making these five clever moving mistakes will cost you both money and time

Moving to a new location can be a thrilling adventure, but it can also be costly and stressful. Because so much packing, planning, and logistics are involved, it is easy...

The Future of the Sales Handoff: From AI SDR to Human Closer

Artificial intelligence is altering the sales process at lightning speed. For many firms, AI is their Sales Development Representative. This class of SDRs completes the initial stage of the sales...

Vacancies increase sharply in outer Sydney, as inner-city suburbs ease

The REINSW Vacancy Rate Survey results for July 2020 show that COVID-19 continues to impact the residential rental market. Vacancies in Sydney overall increased for the fifth successive month and now...

What’s the Difference Between a Caravan & A Motorhome?

Australians love the freedom of the open road, and choosing the right setup can make travelling safer and far more enjoyable. With both caravans and motorhomes growing in popularity and...

Make Your Holiday Merry with Christmas Inflatables

The holiday season is all about bringing joy and festivity to your home or event. One of the most fun and visually captivating ways to do this is by incorporating...

Prime Minister interview with Karl Stefanovic and Alison Langdon, Today

KARL STEFANOVIC: Joining us now from Kirribilli House in Sydney. PM, good morning to you. Thank you for your time.    PRIME MINISTER: G’day Karl.   STEFANOVIC: The Premiers don't seem to be listening...

Parrtjima opens in Australia’s Red Centre

Free event in Alice Springs will lift spirits every night until 20 September Parrtjima – A Festival in Light launched last night with an incredible display of lighting installations and interactive...

What to do in Canada during your holiday?

Canada has over 1.6 million square kilometers of protected natural land offering a world-class national park system. The country is one of the first in the world to establish a...

hacklink hack forum hacklink film izle hacklink สล็อตเว็บตรงcrown155 casinohb88aussuper96 login주소모음 주소모아spin2u loginneoaus96 casino loginff29 casinobest e-wallet pokies 2025免费视频best e wallet pokies australiahttps://mrvip77.comgiftcardmall/mygiftsitus slot gacorBest eSIM for Caribbean Cruisejojobetmarsbahisjojobetkiralık hackercratosroyalbetcasibom girişcasibommarsbahiscasibomslot qrisholiganbetjojobet girişcasibomcasibomdeneme bonusu veren siteleronwinalgototojojobet girişmatbetpusulabetinstagram hesap çalmadeneme bonusu veren sitelercasinoprimetürk ifşamarsbahisartemisbetvdcasinovaycasinoสล็อตเว็บตรงjojobetmatbetcasibom