Would you like to receive notifications on latest updates of the following headlines?

Japan PM Kishida Set To Quit Political Seat

POSTED ON August 14, 2024 •   World      BY Benedicta Bassey
Japanese Prime Minister Fumio Kishida/ Photo credit: Reuter

Japanese Prime Minister Fumio Kishida announced on Wednesday that he would not seek re-election as party chief even as he announced to quit after serving for a long time.

The ruling Liberal Democratic Party since 1945 has governed the country and is due to hold a leadership contest by next month where a new prime minister will emerge.

“In this (party) presidential election, it is necessary to show the people that the LDP is changing and the party is a new LDP,” Kishida told reporters in Tokyo.

“For this, transparent and open elections and free and vigorous debate are important. The most obvious first step to show that the LDP will change is for me to step aside,” he said.

Kishida, 67, who has been in office since October 2021, has seen his and his party’s poll ratings slide sharply in response to rising prices hitting Japanese incomes and several scandals.

In November, Kishida announced a stimulus package worth 17 trillion yen (more than $100 billion at the time) as he tried to ease the pressure from inflation and rescue his premiership.

But this failed to make him any less unpopular, both among voters in the world’s fourth-largest economy and within his own party.

Kishida, who last year escaped a pipe-bomb attack unscathed, has also faced severe criticisms over a major kickbacks scandal linked to fundraising parties.

Kishida decided to jump because he knew he would lose the leadership battle, said Koichi Nakano, political science professor at Sophia University.

The Yomiuri Shimbun daily reported that some LDP members have high hopes for Shigeru Ishiba, former party number two, and Shinjiro Koizumi, former environment minister and son of ex-premier Junichiro Koizumi.

READ ALSO
Trump promises end to ‘transgender lunacy’
BY Benedicta Bassey December 23, 2024 0

UNITED STATES — President-elect Donald Trump has pledged to “stop the transgender l...

READ ALSO
Seven feared dead in Western Mexico plane crash
BY Benedicta Bassey December 23, 2024 0

JALISCO, Western Mexico — At least seven people died when a light aircraft crashed on Sun...

READ ALSO
Trump addresses speculations about Musk presidency
BY Abiodun Saheed Omodara December 23, 2024 0

United State - The U.S. President-elect Donald Trump has played down the notion that he will transfe...

READ ALSO
Amazon Workers Strike Nationwide, Demand Better Pay and Benefits Amid Arrests
BY Benedicta Bassey December 20, 2024 0

UNITED STATES —  Over a hundred workers of Amazon workers on Friday embarked on a histori...

READ ALSO
ECOWAS advocate stakeholders’ collaboration on subregional tourism
BY Abiodun Saheed Omodara December 20, 2024 0

ABUJA, Nigeria- The Economic Community of West African States has solicited the collaboration of sta...

READ ALSO
Veteran Broadcaster Jones debunks claim of sexual abuse allegation
BY Benedicta Bassey December 18, 2024 0

AUSTRALIA — Australian veteran broadcaster, Alan Jones has pleaded not guilty to 34 count char...

READ ALSO
Bomb explosion kills Russia's Nuclear General
BY Benedicta Bassey December 17, 2024 0

MOSCOW, Russia - A senior Russian general, Lieutenant General Igor Kirillov, was reportedly killed o...

READ ALSO
New York judge upholds Trump's felony conviction, kick against immunity claim
BY Benedicta Bassey December 17, 2024 0

UNITED STATES — A New York judge has ruled Donald Trump’s hush money conviction as...

OUR CHANNELS:

Tinubu, Ogun leaders champion tech innovation
BY Abiodun Saheed Omodara December 26, 2024 0

The City Boy Movement, Ogun State Chapter, awarded N14m to winners of its technology grant initiativ...


CBN disqualifies 41.65m Access Holdings shares
BY Abiodun Saheed Omodara December 26, 2024 0

The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings...


W’Bank removes loan fees for vulnerable nations
BY Abiodun Saheed Omodara December 26, 2024 0

The World Bank has announced the removal of several loan fees to make borrowing more affordable for...


2025 Budget : Gombe set 10% for debt servicing
BY Abiodun Saheed Omodara December 25, 2024 0

The Gombe State Commissioner for Finance and Economic Development, Gambo Magaji, on Tuesday, reveale...


Tinubu's media chat reveals APC's insensitivity to Nigerians – PDP
BY Abiodun Saheed Omodara December 25, 2024 0

The People’s Democratic Party (PDP), has reacted to President Bola Tinubu’s maiden media...


LASG shut Coca-Cola, two others over water usage standards
BY Abiodun Saheed Omodara December 25, 2024 0

The Lagos State Government, through its Water Regulatory Commission, has sealed three companies for...


Mozambique presidential candidate to form parallel government January 15
BY Abiodun Saheed Omodara December 26, 2024 0

The Mozambique main opposition party presidential candidate, Venâncio Mondlane, has threatened...


Oyo govt. sets conditions for Sharia Court inauguration
BY Abiodun Saheed Omodara December 26, 2024 0

The Governor of Oyo State, Seyi Makinde, has said he’s aware of the move to inaugurate a Shari...


SEC promises transparency, fairness in fintech regulation
BY Abiodun Saheed Omodara December 24, 2024 0

LAGOS, Nigeria - The Securities and Exchange Commission (SEC) has assured stakeholders in the fintec...


No regret removing fuel subsidy- Tinubu
BY Abiodun Saheed Omodara December 24, 2024 0

ABUJA, Nigeria - President Bola Tinubu, on Monday, said he had no regret removing fuel subsidy. The...


More Articles

Load more...

Menu