The Japan Times - Japan PM Kishida, once a safe pair of hands, fumbles top job

EUR -
AED 4.089192
AFN 72.375297
ALL 90.522135
AMD 403.960011
ANG 1.992858
AOA 1022.158315
ARS 1721.026204
AUD 1.622555
AWG 2.004232
AZN 1.896276
BAM 1.949815
BBD 2.252143
BDT 139.432002
BGN 1.946144
BHD 0.421903
BIF 3345.395827
BMD 1.113462
BND 1.429654
BOB 13.263287
BRL 6.211445
BSD 1.118367
BTN 105.10238
BWP 15.342766
BYN 3.348417
BYR 21823.857856
BZD 2.249176
CAD 1.584629
CDF 2577.664591
CHF 0.923589
CLF 0.027839
CLP 1095.680494
CNY 7.427182
CNH 7.425395
COP 3684.47961
CRC 505.844995
CUC 1.113462
CUP 26.84037
CVE 109.927568
CZK 24.381701
DJF 199.118389
DKK 7.475084
DOP 67.831481
DZD 152.094503
EGP 59.632022
ERN 16.701932
ETB 179.434408
FJD 2.519208
FKP 0.83586
GBP 0.836605
GEL 2.8909
GGP 0.83586
GHS 13.095801
GIP 0.83586
GMD 82.395958
GNF 9907.543483
GTQ 8.545768
GYD 234.340672
HKD 8.735945
HNL 30.063268
HRK 7.537036
HTG 146.586749
HUF 365.29322
IDR 20242.407585
ILS 3.533294
IMP 0.83586
INR 104.319432
IQD 1695.380662
IRR 2122342.339778
ISK 136.788751
JEP 0.83586
JMD 177.493575
JOD 0.789402
JPY 177.191876
KES 144.72809
KGS 97.371816
KHR 4561.020051
KMF 492.150581
KPW 1002.115879
KRW 1485.881747
KWD 0.346409
KYD 0.931931
KZT 499.292895
LAK 25171.941393
LBP 100144.948857
LKR 371.665803
LRD 190.11472
LSL 18.333846
LTL 3.287764
LVL 0.673522
LYD 7.168994
MAD 10.909213
MDL 20.095683
MGA 5110.791458
MKD 61.532684
MMK 2337.98716
MNT 4012.309549
MOP 9.036082
MRU 45.114315
MUR 52.522235
MVR 17.145125
MWK 1939.229956
MXN 20.722015
MYR 4.535686
MZN 71.160941
NAD 18.334257
NGN 1498.887566
NIO 40.91944
NOK 10.621132
NPR 168.163054
NZD 1.993353
OMR 0.428136
PAB 1.118367
PEN 3.811298
PGK 5.008631
PHP 70.414184
PKR 309.295093
PLN 4.403453
PYG 6902.757521
QAR 4.076686
RON 5.344281
RSD 117.600504
RUB 92.249092
RWF 1654.606189
SAR 4.183295
SBD 9.008741
SCR 15.35965
SDG 669.749634
SEK 11.049609
SGD 1.42779
SHP 0.834335
SLE 25.503035
SLL 23348.749147
SOS 639.13239
SRD 41.806022
STD 23046.418134
STN 24.424807
SVC 9.785874
SYP 14477.234335
SZL 18.339705
THB 37.488059
TJS 10.27756
TMT 3.897117
TND 3.340082
TOP 2.680949
TRY 55.931898
TTD 7.58465
TWD 36.590149
TZS 2948.514585
UAH 50.865607
UGX 4562.993512
USD 1.113462
UYU 45.250693
UZS 13391.53277
VES 1002.662073
VND 28565.314355
VUV 133.411902
WST 3.103285
XAF 655.957
XAG 0.021085
XAU 0.000275170461
XCD 3.009187
XCG 2.015495
XDR 0.787276
XOF 655.957
XPF 119.331742
YER 263.331712
ZAR 18.432803
ZMK 10022.446406
ZMW 22.782589
ZWL 358.534353
SSP 6397.282577
MXV 2.32832
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Japan PM Kishida, once a safe pair of hands, fumbles top job
Japan PM Kishida, once a safe pair of hands, fumbles top job / Photo: Philip FONG - POOL/AFP

Japan PM Kishida, once a safe pair of hands, fumbles top job

Japan's Prime Minister Fumio Kishida was seen as a safe pair of hands when his party installed him three years ago, but he soon became a liability as scandals and inflation eroded his popularity.

Text size:

Kishida, 67, will step down next month after announcing on Wednesday he was pulling out of a contest for leadership of the ruling Liberal Democratic Party and ahead of a general election scheduled by October next year.

A father-of-three and keen baseball fan, Kishida is the scion of a Hiroshima political family and has a low-key presence sometimes taken for a lack of charisma.

Taking office in 2021, Kishida touted his listening skills and promised a fresh stimulus package to revive the virus-hit economy, now the fourth-largest in the world.

He vowed to tackle Japan's demographic crisis and promote a more equitable "new capitalism", but these policies remained vague, as did his plans to pay for them.

Seeking to reduce oil and gas imports, under Kishida Japan has steadily been bringing its nuclear power stations -- shut down after the 2011 Fukushima disaster -- back online.

Despite having a liberal reputation, Kishida was reticent on hot-button social issues such as gay marriage, although his government -- which has five female ministers -- passed new laws on the number of women in corporate boardrooms.

On foreign policy he won plaudits, siding decisively with Ukraine after Russia's invasion in 2022, welcoming President Volodymyr Zelensky to a G7 summit in Hiroshima -- Kishida's hometown -- and visiting Kyiv.

Kishida also promised to hike military spending in a move welcomed by the United States as it seeks to counter China, while once-frosty relations with South Korea also improved.

But his failure to get to grips with rising consumer prices and scandals involving his party and family translated into tumbling poll ratings for the LDP, which has run Japan almost uninterrupted for decades.

"Unless Mr Kishida stepped down, (LDP insiders believed that) the LDP would face big trouble at the next general election," said Yu Uchiyama, political science professor at the University of Tokyo.

"By changing the face of the party, the LDP wants to have a fresh image and leave an impression that the LDP has changed. Unless they do that, they believe that they will have a problem," Uchiyama said.

- Party scandals -

Last year leaked photos of his son partying at the prime minister's official residence forced Kishida to remove him as his secretary.

Kishida lost four ministers in three months in 2022 including the defence chief, both over alleged ties to the South Korean Unification Church.

The man accused of shooting dead former prime minister Shinzo Abe in July 2022 did so because he believed Abe was tied to the Church, which the attacker resented for personal reasons.

Kishida -- who last year escaped a pipe-bomb attack unscathed -- also ruffled feathers by organising a state funeral for Abe instead of a smaller ceremony.

But the biggest scandal was over millions of dollars in alleged kickbacks from LDP fundraising events, which Kishida promised to tackle "like a ball of fire".

Kishida pushed powerful factions within the LDP to disband, but this angered many party members, said Koichi Nakano, political science professor at Sophia University.

"He has failed to close ranks within the LDP," Nakano told AFP.

But he added: "For an LDP leader, staying in power for three years is longer than the average."

M.Yamazaki--JT