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Ishiba announces bid to succeed Kishida as Japan's leader

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Published Sat, Aug 24, 2024 · 10:20 AM
    • Shigeru Ishiba will run in Japan's ruling Liberal Democratic Party leadership election on Sep 27.
    • Shigeru Ishiba will run in Japan's ruling Liberal Democratic Party leadership election on Sep 27. PHOTO: REUTERS

    SHIGERU Ishiba, a former defence minister, said on Saturday (Aug 24) he would run in the ruling Liberal Democratic Party leadership election on Sep 27 that will pick a successor to Prime Minister Fumio Kishida.

    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. REUTERS

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