Fumio Kishida, the Prime Minister of Japan, has announced his resignation after facing political scandals during his three-year tenure. The move comes amid dwindling support for his governing Liberal Democratic Party (LDP) and calls for a fresh face to lead. The departure opens the door for a new leader to rebuild public trust and revamp the party’s image ahead of the next general election.
The successor to Kishida will face challenges such as rising living costs, geopolitical tensions, and the potential return of Donald Trump as US president. Former defense minister Shigeru Ishiba has expressed his intention to run for the LDP presidency, gaining popularity among the public. Other potential candidates include digital transformation minister Kono Taro, foreign minister Yoko Kamikawa, and Shinjiro Koizumi, son of former Prime Minister Junichiro Koizumi.
Experts believe that the LDP’s need for a new image may lead to the selection of a female prime minister, breaking the male-dominated political landscape in Japan. The Bank of Japan’s unexpected interest rate hike and the implications of Kishida’s exit on fiscal and monetary policies add further uncertainty to the country’s political landscape.
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