Japanese Prime Minister Fumio Kishida announced his resignation in September after a tumultuous three-year term marked by political scandals. His departure sets the stage for a new leader to tackle the impact of inflation.
Market and political analysts offer their insights on Kishida’s decision and the upcoming leadership change:
Koichi Nakano, Political Science Professor at Sophia University, Tokyo: Nakano highlights the challenges Kishida faced as an LDP prime minister and the importance of gracefully stepping down to maintain the party’s reputation.
Rintaro Nishimura, Associate at The Asia Group, Tokyo: Nishimura emphasizes the need for a fresh-faced, reform-minded leader to navigate Japan’s tough political landscape and upcoming general election.
Mikitaka Masuyama, Professor at the National Graduate Institute for Policy Studies: Masuyama stresses the importance of experience and unity in the new LDP leader to effectively lead the party and government.
Shoki Omori, Chief Japan Desk Strategist at Mizuho Securities, Tokyo: Omori expresses concerns about political uncertainty impacting the markets and the potential implications for risk assets like equities.
Charu Chanana, Head of Currency Strategy at Saxo, Singapore: Chanana notes the potential market reaction to Kishida’s resignation and its impact on equities.
Michael Cucek, Professor specializing in Japanese Politics at Temple University, Tokyo: Cucek reflects on Kishida’s challenges and controversies during his tenure.
Takahide Kiuchi, Nomura Research Institute Executive, Tokyo: Kiuchi analyzes the shifts in Kishida’s administration’s economic policies and the market responses.
Kenta Izumi, Leader of the Biggest Opposition Constitutional Democratic Party, Tokyo: Izumi highlights unresolved issues plaguing Kishida’s term.
Rahm Emanuel, US Ambassador to Japan, Tokyo: Emanuel acknowledges Kishida’s role in strengthening US-Japan relations during his leadership.
© Thomson Reuters 2024.
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