Japanese Prime Minister Shigeru Ishiba has announced his resignation following mounting pressure from within the ruling Liberal Democratic Party (LDP), triggered by a series of electoral defeats—including a historic loss in July’s upper house election. Ishiba, who took office in October 2024, stated that stepping down was necessary to prevent further division and allow for a leadership transition during a period of economic and political uncertainty.
The LDP is now preparing for an emergency leadership election to select Ishiba’s successor. Among the frontrunners are:
- Sanae Takaichi: A veteran conservative and former Economic Security Minister, known for her support of expansionary fiscal policy and criticism of recent interest rate hikes.
- Shinjiro Koizumi: The current Agriculture Minister and son of former Prime Minister Junichiro Koizumi, widely regarded as a reformist with strong public appeal.
Both candidates represent distinct policy directions, with Takaichi favoring looser monetary policy and Koizumi expected to maintain continuity. Analysts suggest the new leader may call a snap election to secure a mandate, given the LDP’s loss of majority in both parliamentary chambers.
Ishiba’s resignation comes shortly after finalizing a $550 billion trade agreement with the United States, aimed at reducing tariffs on Japan’s automotive sector. He will remain in office until a successor is formally elected.
Japan PM Picture by Japanese Cabinet Public Affairs Office
