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
Tinubu lauds ECOWAS for regional integration, economic progress at golden jubilee
BY Abiodun Saheed Omodara April 23, 2025 0

President Bola Tinubu has praised the Economic Community of West African States (ECOWAS) for promoti...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Tinubu mourns Passing of Pope Francis: A Voice for the Voiceless
BY Abiodun Saheed Omodara April 21, 2025 0

President Bola Tinubu has expressed his condolences alongside global leaders over the death of Mario...

READ ALSO
Timeless Legacies: Top 10 ancient civilizations that shaped the modern world
BY Abiodun Saheed Omodara April 19, 2025 0

Ancient civilizations laid the foundation for modern society, contributing to everything from govern...

READ ALSO
WTO warns of global trade decline amid U.S. tariffs
BY Abiodun Saheed Omodara April 17, 2025 0

The World Trade Organization (WTO) has issued a warning that global trade could decrease this year a...

READ ALSO
Boosting Trade: Tinubu's commitment to regional integration with ECOWAS tariff signing
BY Abiodun Saheed Omodara April 15, 2025 0

Reinforcing Nigeria's commitment to expanding regional trade, President Bola Tinubu signed the Econo...

READ ALSO
ECOWAS advocates for unified investment strategies to navigate global economic challenges
BY Abiodun Saheed Omodara April 15, 2025 0

The Economic Community of West African States (ECOWAS) has urged its member nations to enhance their...

READ ALSO
General Brice Secures 90% of Victory in Gabon's Presidential Election
BY Abiodun Saheed Omodara April 14, 2025 0

General Brice Oligui Nguema, the military ruler of Gabon, has emerged victorious in Saturday’s...

OUR CHANNELS:

2face get appointment as technical adviser to Benue Govt.
BY Abiodun Saheed Omodara April 24, 2025 0

The Governor of Benue State, Hyacinth Alia    has appointed music legend, Innocent Idibia...


Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...


Six dead in Okene Accident: Akpoti-Uduaghan Urges Immediate Road Safety Reforms
BY Abiodun Saheed Omodara April 23, 2025 0

KOGI, Nigeria - Following a tragic auto accident in Okene, Kogi State, which resulted in the loss of...


Plateau NBA expresses outrage over violence, urges FG to protect citizens
BY Abiodun Saheed Omodara April 23, 2025 0

PLATEAU, Nigeria - Due to the assaults and homicides occurring in Plateau State by alleged Fulani mi...


LASG reports over 517,000 traffic violations amid enhanced road safety measures
BY Abiodun Saheed Omodara April 24, 2025 0

LAGOS, Nigeria - The Lagos State Government on Tuesday revealed that from May 2024 to March 2025, mo...


Police Inspector Dies by Suicide in Port Harcourt
BY Abiodun Saheed Omodara April 24, 2025 0

RIVERS, Nigeria - A Police Inspector identified as Maxwell Zabu, who was attached to a former Chairm...


Tinubu lauds ECOWAS for regional integration, economic progress at golden jubilee
BY Abiodun Saheed Omodara April 23, 2025 0

President Bola Tinubu has praised the Economic Community of West African States (ECOWAS) for promoti...


LASG celebrates two million passengers on blue rail, highlights transportation achievements
BY Abiodun Saheed Omodara April 23, 2025 0

LAGOS, Nigeria (NAN) - The Lagos State Government has announced that over two million passengers hav...


FG aims to upgrade 2,701 PHC to enhance healthcare access across Nigeria
BY Abiodun Saheed Omodara April 24, 2025 0

The Federal Government, via the National Primary Health Care Development Agency (NPHCDA), has reveal...


Education minister urges colleges to embrace dual degree system
BY Abiodun Saheed Omodara April 24, 2025 0

ABUJA, Nigeria (NAN) - The Minister of Education, Dr. Tunji Alausa, has called on stakeholders in Co...


More Articles

Load more...

Menu