(Bloomberg) — Japan’s next prime minister will face challenges from inflation, volatile financial markets, a worsening security environment and the transition to a new president in the US, Tokyo’s most important ally.
It’s set to be one of the most uncertain races in years, but one thing is clear for the long-dominant ruling party: The new leader isn’t likely to do things much differently than the old leader.
Prime Minister Fumio Kishida said Wednesday he decided not to run for a second term as president of the Liberal Democratic Party to take responsibility for scandals that have dogged the LDP throughout his nearly three-year term. Kishida has also taken a hit from recent market chaos, including the biggest falls in the main stock indexes in decades.
https://finance.yahoo.com/news/japan-set-unusually-competitive-pm-100000821.html