Japanese media have reported that Fumio Kishida, the Prime Minister of Japan, will step down from the leadership of the Hizb-e-Hakim in September, ending his three-year rule that was accompanied by rising prices and political scandals.
These media, including the TV channel Anhchi, quoted sources from the Japanese government, requesting that Kishida, whose popularity had decreased in recent months, not seek to remain in the leadership position of the Liberal Democratic Party.
The decision to defer means the start of a tough competition to get the leadership position of the ruling party and after the leadership of the world’s fourth-largest economy.
Mr. Kishida’s replacement in the Liberal Democratic Party faced the contravention of rising living costs, escalating geopolitical tensions and the possible return of Donald Trump as the President of the United States next year.
As prime minister, Kishida helped Japan overcome the COVID-19 pandemic with massive fiscal stimulus, but later appointed Kazuo Oeda, an academic figure, to the Bank of Japan to end the massive monetary stimulus. the field
The Bank of Japan unexpectedly increased interest rates in July, which led to instability in the stock market and sharply lowered the value of the yen.
