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