Shigeru Ishiba to run for LDP leadership, aims to succeed Prime Minister Fumio Kishida

Former defence minister Shigeru Ishiba announced his bid for the LDP leadership, endorsing gradual interest rate hikes to boost Japan’s economic competitiveness.

Reuters

August 24, 2024 / 09:34 IST

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.

Reuters

first published: Aug 24, 2024 09:34 am

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