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Japan PM to step down next month amid rising prices, political scandals: Report
FirstpostKishida’s public support eroded amid revelations about the party’s ties to the controversial Unification Church, and more recently, unrecorded political donations made at LDP fundraising parties Japanese Prime Minister Fumio Kishida said he will step down in September, ending a three-year term marred by political scandals and paving the way for a new premier to address the impact of rising prices. Kishida’s public support eroded amid revelations about the party’s ties to the controversial Unification Church, and more recently, unrecorded political donations made at LDP fundraising parties. As the country’s eighth-longest serving post-war leader, Kishida led Japan out of the COVID pandemic with massive stimulus spending, but later appointed Kazuo Ueda, an academic tasked with ending his predecessor’s radical monetary stimulus, to head the Bank of Japan. Kishida’s departure could mean tighter fiscal and monetary conditions depending on the candidate, according to Shoki Omori, chief Japan desk strategist, Mizuho Securities, Tokyo.
History of this topic
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