Ishiba and Kishida to Run in LDP Leadership Election as 'Post-Abe' Candidates
Major Japanese Media: "Suga Chief Cabinet Secretary Also to Announce Candidacy on the 2nd"
[Asia Economy Reporter Ki-min Lee] Former LDP Secretary-General Shigeru Ishiba and LDP Policy Research Council Chairman Fumio Kishida announced on the 1st that they will run in the new LDP presidential election.
This is the fourth time former Secretary-General Ishiba has run for the LDP presidency. He lost to Prime Minister Abe in the 2012 and 2018 LDP presidential elections.
Earlier, the LDP held a general affairs meeting at 11 a.m. on the same day and decided to elect the new president through a joint session of both houses (House of Councillors and House of Representatives) without a party member vote. According to the LDP party rules, the new president should be elected through a formal election in principle, where affiliated Diet members and 394 party members each cast votes. However, in urgent cases, a joint session of both houses can be held with only Diet members and 141 representatives from prefectural branch federations participating to conduct a simplified election. The LDP concluded that Prime Minister Abe’s sudden resignation qualifies as an "urgent case" as stipulated in the party rules, thus opting for a simplified election.
The simplified election is expected to be disadvantageous for former Secretary-General Ishiba, who has strong support from party members and local supporters but weak support among Diet members within the party.
Policy Research Council Chairman Kishida also officially declared his candidacy for the LDP presidency on the afternoon of the same day. Kishida, who was Japan’s Foreign Minister during the December 2015 Japan-South Korea comfort women agreement, is known for emphasizing diplomacy that strengthens ties with Asian countries centered on the U.S.-Japan alliance.
According to Kyodo News, during his press conference announcing his candidacy, he expressed deep regret over Japan-South Korea relations and stated that it is important for both countries to cool public sentiment and create an environment for dialogue.
Major Japanese media reported that Minister Suga is also expected to officially declare his candidacy for the LDP presidency on the evening of the 2nd. Minister Suga has the support of the LDP’s largest faction, the Hosoda faction (細田 faction) with 98 members (including both houses), as well as the Aso faction (麻生 faction) with 54 members, and the Nikai faction with 47 members. Additionally, the "Suga Group," which supports Minister Suga, is known to have more than 30 members.
The LDP plans to announce the presidential election on the 8th and hold the joint session of both houses for voting on the 14th.
In Japan, which adopts a parliamentary cabinet system, the ruling party (LDP) president becomes the prime minister elected by the House of Representatives.
Hot Picks Today
"Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Wallets Open Wide on Big News...300 Trillion Won Heads to the U.S., "Tax Breaks" Fail to Keep Funds at Home
- "Realizing How Fast Money Disappears: Should You Try Only the Essentials for 5,000 Won? [The Basics of Benefits]"
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- Experts Already Watching Closely..."Target Price Set at 970,000 Won" Only Upward Momentum Remains [Weekend Money]
The extraordinary Diet session to elect the new prime minister is scheduled to be held on the 16th.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.