{"id":927,"date":"2024-08-14T03:45:22","date_gmt":"2024-08-14T03:45:22","guid":{"rendered":"https:\/\/friscotimes.org\/?p=927"},"modified":"2024-08-14T03:45:22","modified_gmt":"2024-08-14T03:45:22","slug":"japan-set-for-new-pm-as-fumio-kishida-bows-out-as-party-leader","status":"publish","type":"post","link":"https:\/\/friscotimes.org\/?p=927","title":{"rendered":"Japan set for new PM as Fumio Kishida bows out as party leader"},"content":{"rendered":"


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Japan’s Prime Minister Fumio Kishida will not seek re-election as leader of the ruling Liberal Democratic Party (LDP), which he says needs a “new start”.<\/p>\n

The 67-year-old LDP veteran is expected to step down as PM after the party elects a new leader in September. <\/p>\n

Support for Mr Kishida, who has been PM since 2021, has fallen in the wake of a corruption scandal involving his party, rising living costs and a slumping yen.<\/p>\n

His approval ratings had plummeted to 15.5% last month – the lowest for a PM in more than a decade.<\/p>\n<\/div>\n

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“In the upcoming presidential election, it’s necessary to show the people that the Liberal Democratic Party will change,” Mr Kishida said at a press conference on Wednesday announcing his decision. <\/p>\n

“A transparent and open election, and free and open debate are important. The first easy-to-understand step that indicates that the LDP will change is for me to step back,” he said.<\/p>\n

Within the party, some have doubted whether Mr Kishida can lead the LDP to a win in the next general election due in 2025. The party has been in power almost continuously since 1955. <\/p>\n<\/div>\n

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Analysts have told the BBC that Japan is going through a “once-in-a-generation” political crisis as the ruling party fights to clean up its image. <\/p>\n

Last December, four LDP cabinet ministers resigned within a fortnight over a fundraising scandal involving the ruling party’s most powerful faction.<\/p>\n

Five senior vice-ministers and a parliamentary vice-minister from the same faction, formerly led by the late PM Shinzo Abe, also quit.<\/p>\n

Japan\u2019s prosecutors launched a criminal investigation into whether dozens of LDP lawmakers received proceeds from fundraising events that saw millions of dollars kept off official party records.<\/p>\n

But Mr Kishida’s handling of the fundraising scandal drew public criticism, which made him more unpopular.<\/p>\n

The controversy also unfolded as Japanese households struggled with food prices soaring at the fastest rate in almost half a century. <\/p>\n

The combination of economic woes and political scandal fuelled mistrust in the ruling party, despite a weak and divided opposition.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Japan’s Prime Minister Fumio Kishida will not seek re-election as leader of the ruling Liberal Democratic Party (LDP), which he says needs a “new start”. 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