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Economic news

Japan PM Kishida won’t run for re-election at LDP race, Kyodo reports

08/13/2024

Less than a minute

2024.08.13 21:52

TOKYO (Reuters) – Prime Minister Fumio Kishida will not seek re-election for leader of Japan’s ruling party beyond September, Kyodo news reported on Wednesday, ending a three-year term during which he pushed for higher wages and ramped up defence spending.

© Reuters. Japan's Prime Minister Fumio Kishida attends a bilateral meeting with NATO Secretary General Jens Stoltenberg (not pictured) during NATO's 75th anniversary summit in Washington, U.S., July 11, 2024. REUTERS/Yves Herman

Kishida will not run for re-election in the Liberal Democratic Party (LDP) leadership race, Kyodo reported citing senior administration staff.

His decision to quit, which comes amid a slump in public support, will trigger a contest to replace him as LDP leader, and by extension as prime minister of the world’s fourth biggest economy.

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08/13/2024

Less than a minute