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☆ Japan's new Prime Minister Ishiba unveils cabinet ahead of snap election
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: +3 min

TOKYO, JAPAN - SEPTEMBER 06: Japanese former Defense Minister Shigeru Ishiba speaks during a press conference at the Foreign Correspondents' Club of Japan on September 06, 2024 in Tokyo, Japan. Ishiba and former Environment Minister Shinjiro Koizumi are the front runners in the race of the upcoming presidential election for the ruling Liberal Democratic party of Japan (LDP) according to recent polling. (Photo by Tomohiro Ohsumi/Getty Images)Japan's new Prime Minister Shigeru Ishiba on Tuesday unveiled his cabinet as he seeks to heal party divisions and secure a national mandate with an Oct. 27 snap election. The 67-year-old former defence minister, who last week won a close-fought contest to lead the ruling Liberal Democratic Party (LDP), was confirmed earlier in the day as prime minister by parliament. Yoji Muto, a former junior minister, will take charge at the economy, trade and industry ministry.

Persons: Shigeru Ishiba, Ishiba, Shinjiro Koizumi, Tomohiro Ohsumi, Katsunobu Kato, Yoshimasa Hayashi, Kato, Sanae, Takeshi Iwaya, Gen Nakatani, Yoji Organizations: Defense, Foreign, Club of Japan, Liberal Democratic, Liberal Democratic Party, Washington, NATO, Nikkei Locations: TOKYO, JAPAN, Tokyo, Japan, United States, China, Beijing, U.S, East Asia, North Korea, Russian

☆ Japan’s incoming leader calls general election as he seeks to unify party
▼ + stars: | 2024-09-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

TOKYO — Japan’s incoming prime minister, Shigeru Ishiba, said Monday that he will call a general election for Oct. 27 following his victory in one of the closest-ever leadership races for the governing Liberal Democratic Party. Lawmakers there will meet on Tuesday to confirm Ishiba as the country’s next prime minister. Ishiba on Monday began picking government and party officials who will contest the upcoming general election with him. Ishiba, 67, won the LDP leadership race on his fifth attempt with strong backing from rank-and-file members. Before his runoff election against Takaichi on Friday, Ishiba apologized to LDP lawmakers for his “shortcomings.”

Persons: Shigeru Ishiba, Ishiba, ” Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Takeshi Iwaya, Gen Nakatani, Yoji, Takaichi, ”, Hiroshi Shiratori, Shinjiro Koizumi, Yoshihide Suga, Koizumi Organizations: Liberal Democratic Party, U.S, Reuters, Media, Hosei University, Takaichi Locations: TOKYO, Tokyo

☆ Japan's incoming PM Ishiba calls election for Oct 27, seeks to unify party
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Newly-elected leader and sitting chairperson of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks during a press conference following his election in the party leadership elections on September 27, 2024 in Tokyo, Japan. Lawmakers there will meet tomorrow to confirm him as the country's next prime minister. Japan's incoming prime minister, Shigeru Ishiba, said on Monday he will call a general election for Oct. 27 following his victory in one of the closest ever leadership races for the ruling Liberal Democratic Party. Ishiba on Monday began picking government and party officials who will contest the upcoming general election with him. Ishiba, 67, won the LDP leadership race on his fifth attempt with strong backing from rank-and-file members.

Persons: Shigeru Ishiba, Ishiba, Katsunobu Kato, Yoshimasa Hayashi, Takeshi Iwaya, Gen Nakatani, Yoji, Takaichi, Hiroshi Shiratori, Shinjiro Koizumi, Yoshihide Suga, Koizumi Organizations: Liberal Democratic Party, U.S, Reuters, Media, Hosei University, Takaichi Locations: Tokyo, Japan

☆ Japan's ruling party votes to elect new leader and country's next prime minister
▼ + stars: | 2024-09-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Candidates in the upcoming leadership race for the ruling Liberal Democratic Party (LDP) join hands after giving speeches for the Liberal Democratic Party presidential election in Osaka, Japan on September 18, 2024. Japan's ruling party will elect the successor to outgoing Prime Minister Fumio Kishida on Friday in a race likely to decide the next leader of the nation. Kishida had thrown the Liberal Democratic Party for a loop when he announced in August that he would not be running for its top office, effectively ending his three-year term. The party has a majority in both chambers of the legislature, effectively ensuring its chief becomes the next prime minister. Polls suggest that the favorites in the election include ex-environment minister Shinjiro Koizumi, economic security minister Sanae Takaichi and former defense minister Shigeru Ishiba.

Persons: Japan's, Fumio Kishida, Kishida, Shinjiro Koizumi, Sanae Takaichi, Shigeru Ishiba Organizations: Liberal Democratic Party, Liberal Democratic Locations: Osaka, Japan

☆ LDP election: Japan’s next prime minister could be its first woman leader
▼ + stars: | 2024-09-26 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Japan’s ruling party will elect its new leader Friday, and the winner will become the country’s next prime minister. Prime Minister Fumio Kishida is not in the running after his surprise announcement last month that he would step down following a series of political scandals that fueled calls for him to resign. With the upcoming US presidential election, the new prime minister will navigate Japan’s relations with a new American leader at a time of growing security challenges in Asia, including an increasingly assertive China and a belligerent North Korea. Koizumi, 43, is the US-educated, charismatic son of popular former prime minister Junichiro Koizumi, and could be Japan’s youngest prime minister of the post-war period. He sits on the more progressive wing of the conservative party.

Persons: CNN —, Shinjiro Koizumi, Shigeru Ishiba, Fumio Kishida, haven’t, Kishida, “, Koizumi, ” Yu Uchiyama, Margaret Thatcher, Shinzo Abe, –, Junichiro Koizumi, acceding, Ishiba Organizations: CNN, Liberal Democratic Party, LDP, Partnership, Tokyo University, Reuters, Bank of, NATO Locations: Japan, China, Japan’s, American, Asia, North Korea, Pacific, South Korea, Bank of Japan

☆ Bitcoin jumps while Japan holiday dulls most currencies
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +4 min

The Bank of Japan left interest rates unchanged last week and indicated it was not in a hurry to hike them again. That decision, coming just days after the Fed's 50 basis points rate cut, put a pause to the yen's sharp gains this month. With Japan closed for Autumnal Equinox Day, the main driver of trade was expectations around further Fed rate cuts and the gains those have spurred in equities, commodity currencies and other risk assets. The Fed's rate cut "appears to have calmed market fears of a U.S. recession", Goldman Sachs said in a note. Meanwhile, the majority of economists polled by Reuters anticipate two more 25 bps rate cuts at the Fed's final two meetings this year.

Persons: Bitcoin, Goldman Sachs, Christopher Waller, Fumio Kishida, Takaichi —, —, Shigeru Ishiba, Shinjiro Koizumi, Junichiro Koizumi, Takaichi, pare Organizations: Federal, Bank of Japan, Japan, U.S, U.S ., FedWatch, Treasury, Reuters, House Republicans, Liberal Democratic Party, Barclays, The Bank of Locations: United States, Japan, U.S, The Bank of England

☆ Ex-defense minister Ishiba tops corporate Japan's premier wish list, Reuters poll shows
▼ + stars: | 2024-09-13 | by ( ) www.cnbc.com time to read: +2 min

Japanese former Defense Minister Shigeru Ishiba speaks during a press conference at the Foreign Correspondents' Club of Japan on Sept. 6, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty ImagesFormer defense minister Shigeru Ishiba is corporate Japan's top choice to replace Prime Minister Fumio Kishida, edging out Sanae Takaichi, who strives to become the nation's first female premier, a Reuters survey showed on Thursday. About 24% of respondents named Ishiba as the most desirable candidate, compared with 22% for Economic Security Minister Takaichi and 16% for Shinjiro Koizumi, the 43-year-old son of former premier Junichiro Koizumi. watch nowIshiba generally fares better than Koizumi in public opinion polls, but Koizumi has often come out on top among LDP supporters. Ishiba has held cabinet portfolios for agriculture and reviving local economies besides serving as defense minister and LDP policy chief.

Persons: Shigeru Ishiba, Tomohiro Ohsumi, Fumio Kishida, Sanae Takaichi, Kishida, Takaichi, Shinjiro Koizumi, Junichiro Koizumi, Koizumi, Ishiba, Kazuo Ueda Organizations: Defense, Foreign, Club of Japan, Getty, Former, Liberal Democratic Party, LDP, Economic Security, Bank of Japan Locations: Tokyo, Japan, United States

☆ Japan's next prime minister could be the youngest candidate in a crowded election for party leadership
▼ + stars: | 2024-08-29 | by ( Lin Lin | ) www.cnbc.com time to read: +2 min

Japan's Environment Minister Shinjiro Koizumi delivers a speech during a press conference at the prime minister's office in Tokyo on September 17, 2020. Charly Triballeau | AFP | Getty ImagesJapan's ruling Liberal Democratic Party is set to elect a new leader in September and, by extension, the country's next prime minister. Along with 49-year-old Takayuki Kobayashi, who has already announced his candidacy, the two contenders are seen as the choices for generational change in the party election. Nishimura said Koizumi stands a good chance of gaining votes from both LDP Diet members as well as rank-and-file members across Japan. The winner of the LDP election will need to secure a majority of the vote.

Persons: Shinjiro Koizumi, Charly Triballeau, Junichiro Koizumi, Takayuki Kobayashi, Koizumi, Rintaro Nishimura, Nishimura, getters Organizations: AFP, Getty, Liberal Democratic Party, The Asia Group, Diet Locations: Tokyo, Fukushima, Japan

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