Ishiba announces bid to succeed Kishida as Japan's leader

Shigeru Ishiba of Japan's LDP gives interview in Tokyo
Shigeru Ishiba, Tokyo, August 6, 2024. REUTERS/Makiko Yamazaki
Source: REUTERS

Ishiba announces bid to succeed Kishida as Japan's leader

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.

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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This article was produced by Reuters news agency. It has not been edited by Global South World.

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