US Edition
Prime Minister Ishiba Resigns as LDP Leader, Will Not Run in Interim Contest
Shigeru Ishiba resigned to prevent party division after LDP's losses in two elections and completed a $550 billion US-Japan trade deal reducing tariffs on autos, analysts said.
- Shigeru Ishiba announced his resignation from the Liberal Democratic Party amid public outrage over the African Hometown program, which was viewed as enabling mass migration from Africa to Japan.
- Ishiba had resisted calls for resignation for over a month but stepped down to avoid political division within the LDP as they faced losses in recent elections.
- His departure comes just before an early leadership election, which was seen as a no-confidence vote against him following the LDP's loss of majority in both Houses of Parliament.
- Speculation surrounds potential successors, with prominent figures like Sanae Takaichi and Shinjiro Koizumi considered as likely candidates for LDP leadership.
273 Articles
273 Articles
Why Another Japanese Prime Minister Resigned—and What Comes Next
Less than a year after taking office, Japanese Prime Minister Shigeru Ishiba announced Sunday that he would step down from the country’s top office. “I always said that I wouldn’t cling to this post, and would decide to resign at an appropriate time after doing what I needed to do,” Ishiba said during a news conference, adding that while it was a “painful” decision to make, “now is the time” for him to “pass the baton,” after securing a tariff …
The Japanese Prime Minister announced yesterday the resignation after weeks of tensions with the members of the Liberal Democratic Party, in difficulty in the face of the loss of consensus among conservative voters. Several candidates have already come forward pointing out the will to succeed Ishiba in the party presidency, but remains the node of government leadership without a majority in parliament.
Tokyo. Japan’s Prime Minister Shigeru Ishiba resigned yesterday which gave way to a potentially long period of political uncertainty at a time of instability for the world’s fourth largest economy.
Japan’s Prime Minister to Resign
“Japan’s prime minister said he would resign, leaving his successor an inbox bulging with challenges including a relationship with the U.S. strained by tariffs and voter anger over sliding living standards,” the Wall Street Journal reports. “The downfall of Shigeru Ishiba, who led Japan for less than a year before his party turned on him over a run of election defeats, is the latest installment in a global drama that has seen mainstream parties …
Asia markets advance, Nikkei soars on strong GDP; PM Ishiba resigns
Asia stock mostly rises on Monday, Japanese stocks led the gains after strong economic growth figures were released, despite the unexpected resignation of Prime Minister Shigeru Ishiba. Steel rebar futures held near CNY 3,060 per tonne on Monday,
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