Japanese Prime Minister Fumio Kishida announced on Wednesday that he will not seek re-election as the leader of the ruling Liberal Democratic Party (LDP) next month, effectively marking the end of his premiership after nearly three years in office. Kishida stated that stepping aside is a necessary first step to demonstrate that the LDP is evolving and represents a new direction for the party.
During a press briefing in Tokyo, Kishida emphasized the importance of transparent elections and open discussions within the party. He indicated that his decision was influenced by the need to restore public trust amid declining approval ratings, which have plummeted due to rising living costs and a significant corruption scandal involving the LDP.
Kishida’s leadership has been marred by challenges, including a major funding scandal linked to unaccounted political donations from party events, which has implicated over 80 lawmakers. This controversy, combined with economic difficulties stemming from inflation and a weakening yen, has contributed to a significant drop in his popularity, with recent polls showing support as low as 15.5%.
As the LDP prepares for an internal leadership contest, the winner will automatically become Japan’s next prime minister, given the party’s majority in parliament. Kishida’s announcement has sent ripples through the LDP, with some party leaders expressing surprise and disappointment at his decision to step down. The upcoming leadership transition marks a pivotal moment in Japanese politics, as the LDP seeks to regain public confidence ahead of future elections.