Japanese ruling party leader Yoshihide Suga was elected’ prime minister in a parliamentary vote on Wednesday, becoming the country's first new prime minister in nearly eight years.
Suga's ruling Liberal
Democratic Party used its majority in the powerful lower house of parliament,
which has been given’ the power to elect a prime minister, to run for the
world's third-largest economy because of the Corona virus. The epidemic is
trying to recover. After the vote, Suga will enter the PM's office as the new
leader and will later name his cabinet.
Two days after the LDP
leader was elected’ Suga's appointment marks the eight-year record run of
outgoing Prime Minister Shinzo Abe in the country's top job. Suga, 71, who
previously served as Abe's right-hand man, has vowed to keep his former boss's
flexible financial position and extremely simple monetary policy as
"economics".
Any sign of a departure
from Abenomics could boost the yen and slip the stock, re-examining the
ideology for the nation. The Topics Index was shortened’ when Abe was
announcing his intention to resign on August 28, but soon after he consolidated
himself, market players saw Suga accepting the continuation.
Contrary to Abe's rare
political tradition, Suga hails from a rural area of northern Japan and took
a job in a cardboard box factory when he first moved to Tokyo. Before beginning
his political career as a politician's secretary, he worked through the
university. He was first elected’ to parliament in 1996.
Suga's home in Akita
prefecture, where his family grows strawberries, is one of the areas most
affected by the economic downturn caused by Japan's shrinking and aging
population.
While Suga has promised
to select reformists in his cabinet, Kyodo News and other media reports say he
has already decided to retain key players, including Finance Minister Taro Aso
and Foreign Minister Toshimitsu Motegi. ۔ the party announced on Tuesday that
LDP secretary general Toshihiro Nikai, an experienced political broker, would
also remain under the new administration.
The role of the chief
cabinet secretary, according to the public broadcaster NHK. Which Soga kept for
a record period - will be given to Katsunobu Kato, a former finance ministry
official who recently served as health minister.
According to the NHK,
Abe's younger brother Nobuo Kishi will become defense minister, while current
defense minister Taro Kono will take over as minister for administrative
reform.
Speculation about an
early general election has begun following an increase in cabinet support. Suga
has repeatedly said it would be difficult to vote while the corona virus is
spreading. The prime minister has the power to dissolve parliament for general
elections, and no one needs to hold another year.
Suga has addressed a
number of specific issues, including the need for greater competition among
mobile phone providers to reduce household costs. He says Japan has many
regional financial institutions, and is a strong supporter of the introduction
of casino resorts to promote tourism.
Although Suga has
little direct diplomacy experience, he says Japan's alliance with the United
States will be a cornerstone of its foreign policy and that it wants to
maintain strong ties with China, its largest trading partner. Is.
Local media, including
the national public broadcaster NHK and Kyodo News have compiled a list of
possible lineups, which will be announced’ in the afternoon. Here he says who
will be in the cabinet.
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