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World

Ishiba announces bid to succeed Kishida as Japan’s leader

08/23/2024

Less than a minute

2024.08.23 22:28

TOKYO (Reuters) – Shigeru Ishiba, a former defence minister, said on Saturday he would run in the ruling Liberal Democratic Party leadership election on Sept 27 that will pick a successor to Prime Minister Fumio Kishida.

© Reuters. FILE PHOTO: Shigeru Ishiba, a member of Japan's ruling Liberal Democratic Party (LDP), speaks during an interview with Reuters in Tokyo, Japan, August 6, 2024. REUTERS/Makiko Yamazaki/File Photo

Kishida will step down in September, ending a three-year term as leader of the world’s fourth-largest economy.

In a recent interview with Reuters, Ishiba endorsed the Bank of Japan’s policy of gradually raising interest rates, saying the normalisation of ultra-loose monetary policy could push down prices and boost industrial competitiveness.

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08/23/2024

Less than a minute