Kishida’s choice as head of Japan’s ruling party is an establishment victory

Kishida's choice as head of Japan's ruling party is an establishment victory
“We will fight to achieve economic growth and wealth distribution,” said former foreign minister Fumio Kishida.

Japan’s Liberal Democratic Party (PLD) on Wednesday elected former foreign minister Fumio Kishida as its new leader, a victory for the ruling establishment that virtually guarantees he will take over as prime minister in a matter of days.

Although he enjoys only moderate popular support, Kishida was endorsed by some party heavyweights, allowing him to include the momentum of Taro Kono, the rising star and minister in charge of distribution. Vaccines against coronavirus.

It was unclear whether Kishida’s weak image could cause problems for the LDP in the November 28 general election, but in his first press conference he focused on popular topics such as creating a new kind of capitalism and income inequality. need to reduce.

“We will fight to achieve economic growth and wealth distribution,” he said. He said that without the latter there is no way to achieve the former.

Unpopular prime minister’s successor Kishida almost certain yoshihide suga – who has not sought re-election as party leader after just a year in office – will be elected as prime minister in a parliamentary session on Monday due to the LDP majority in the lower house.

He is expected to form a new cabinet and reshape the PLD executive in early October.

Citing officials by abbreviation, media reported that the lower house is likely to be dissolved in mid-October and elections are expected to be held on November 7 or 14.

“A win for the establishment. Kishida stands for sustainability, not making waves and most importantly, doing what elite technocrats tell you to do,” said Jesper Cole, specialist director at Monex Group.

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Kono, who speaks fluent English, has numerous Twitter followers and is known for being outspoken, has long been seen as a rebel and has not been chosen as a favorite of some of the party’s chiefs.

Two women in contention, 60-year-old Sane Takachi and 61-year-old Seiko Noda, withdrew after the first round.

Kishida’s victory is not likely to lead to a profound change in policy now, because Japan try to deal with a China vocal and revived a Economy shaken by the pandemic.

He shares a broad consensus on the need to strengthen the country’s defense and strengthen security ties America and other partners, while preserving important economic ties with Beijing.

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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