TOKYO: Japan got a new prime minister on Tuesday (Oct 1), with Shigeru Ishiba setting out to jumpstart a lacklustre economy, defuse a demographic crisis and build an Asian NATO to face down Ch
Japan 's newly elected Prime Minister Shigeru Ishiba speaks during a press conference at the prime minister's office in Tokyo on Tuesday, Oct 1, 2024. TOKYO: Japan got a new prime minister on Tuesday , with Shigeru Ishiba setting out to jumpstart a lacklustre economy, defuse a demographic crisis and build an. He won a tight race on Friday to lead the Liberal Democratic Party , which has governed almost continuously for decades.
Foreign minister Yoko Kamikawa, one of five women in the outgoing cabinet, was replaced by Takeshi Iwaya. Katsunobu Kato, who was health minister during the Covid pandemic, was named finance minister, while Gen Nakatani took defence. Ishiba's win"indicates that the LDP sought an experienced leader with broad voter appeal to steer the party in the next national election", said Yuko Nakano of the Center for Strategic and International Studies.
Kato, 68, told Bloomberg News last month that Japan should"keep moving" on interest rates and inflation after years of stagnant prices and borrowing costs"created structural distortions".
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