Japanese Prime Minister Ishiba Shiger announced his decision to resign on Sunday, just over a month after his party suffered a great defeat in the upper house elections, according to NHK World, which first announced development.
The non -maintenance in July included an important blow to Ishib’s leadership because his ruling coalition could not secure most of the Japanese parliament’s upper chamber. This followed a similar loss in the elections of the lower house in the previous year, which further weakened its political position.
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According to Kyodo News, despite this great failure that led to his ruling coalition, Ishiba promised to remain in office as Prime Minister of the country to avert “political patove”.
Ishiba, which leads the Liberal Democratic Party (LDP), ruled out the resignation to “avoid political blockage” and maintain leadership as he described as the “national crisis” because households are struggling with rising costs and for the upcoming American tariffs.
Despite the fact that Ishiba has recognized his “heavy responsibility” for the result, he excluded resignation and emphasized his obligation to the public.
In August Ishiba reaffirmed her decision to stay in office, despite growing pressure on resignation because LDP summoned a key meeting after his recent election failure in the Japanese Parliament, Kyodo News reported.
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Kyodo News reported that during a joint plenary meeting of LDP legislators from both chambers of the Japanese Parliament, the party leaders have published that the LDP Election Committee is now considering organizing early management elections, originally planned for 2027.
At the informal meeting held in July, most of the participants reportedly urged Ishib’s prime minister to take responsibility for the loss of elections and resign.
The ruling coalition of LDP-Komeito recorded its seats in a decrease of 248-member upper houses from 141 to 122 and lost its simple majority. While the upper house has less power than the lower house, it remains necessary for completing legislation.
What happens when Ishiba resigns?
While the resulting political uncertainty could further strain the economy to which US tariffs have already influenced, it is primarily on the market based on the possibility that ISBIBa can be replaced by a petitioner of looser fiscal and monetary policies, such as Sanae Takaichi, who openly criticized the Japanese interest bank.
Ishiba defeated Takaichi in the leadership of the LDP lead.
If Ishiba resigns, his last act will complete the details of the business agreement with the United States last week, according to which Japan promised to invest $ 550 billion for lower tariffs by US President Donald Trump in the Japanese key sector Autos, Reuters said.
(Tagstotranslate) Japanese Prime Minister
