Shigeru Ishiba, the 67-year-old former Defense Minister, has been officially elected as Japan’s new Prime Minister by the ruling Liberal Democratic Party (LDP). This decision follows the announcement by outgoing Prime Minister Fumio Kishida, who stepped down after three years in office. Ishiba, who won the LDP leadership race last Friday, will lead the party through early parliamentary elections scheduled for October 27.
Ishiba’s administration faces significant challenges, including an aging population, economic uncertainties, and regional security concerns, particularly with China's military advancements. He has already outlined his cabinet, appointing Katsunobu Kato as Finance Minister, Gen Nakatani as Defense Minister, and Takeshi Iwaya as Foreign Minister. Ishiba has indicated a commitment to addressing inflation, corporate tax adjustments, and shifting away from nuclear energy.
A prominent figure in the LDP since 1986, Ishiba is known for his defense expertise and has held various key positions, including LDP Secretary-General and Agriculture Minister. Despite facing opposition within the party for his progressive views, Ishiba seeks to restore the LDP’s popularity and public confidence, which has waned due to recent scandals and economic issues. His plans include wage increases and VAT exemptions, aiming to alleviate public dissatisfaction over declining incomes and rising living costs.
As Ishiba steps into his role, he aims to balance Japan's international relations, proposing a regional military alliance akin to NATO. His leadership marks a pivotal moment for Japan as it navigates both domestic and global challenges.
