Former Japanese Defense Minister Shigeru Ishiba announces LDP leadership bid, aiming to succeed PM Fumio Kishida.

Former Japanese Defense Minister Shigeru Ishiba has announced his intention to run for the leadership of the Liberal Democratic Party (LDP) on September 27th, aiming to succeed current Prime Minister Fumio Kishida. Ishiba supports the Bank of Japan's policy of gradually increasing interest rates, believing that normalizing ultra-loose monetary policy could lower prices and enhance industrial competitiveness. Kishida's three-year term as Japan's leader will end in September.

August 24, 2024
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