Berliner Boersenzeitung - Japan ruling party to hold 'toss-up' vote for next PM

EUR -
AED 4.058238
AFN 71.827065
ALL 90.387401
AMD 398.375914
ANG 1.977772
AOA 1014.420427
ARS 1707.560467
AUD 1.623598
AWG 1.98906
AZN 1.884164
BAM 1.949007
BBD 2.2264
BDT 137.495104
BGN 1.931411
BHD 0.417058
BIF 3342.241075
BMD 1.105033
BND 1.420587
BOB 12.93925
BRL 6.241119
BSD 1.105377
BTN 103.904652
BWP 15.335962
BYN 3.330382
BYR 21658.652946
BZD 2.223211
CAD 1.575192
CDF 2558.152063
CHF 0.923609
CLF 0.02784
CLP 1095.695402
CNY 7.370959
CNH 7.375092
COP 3667.881826
CRC 499.073985
CUC 1.105033
CUP 26.530366
CVE 109.883979
CZK 24.387868
DJF 196.386709
DKK 7.476036
DOP 67.068049
DZD 151.387143
EGP 59.047681
ERN 16.5755
ETB 180.49487
FJD 2.50809
FKP 0.832125
GBP 0.835367
GEL 2.825984
GGP 0.832125
GHS 12.944233
GIP 0.832125
GMD 81.772227
GNF 9793.862669
GTQ 8.446787
GYD 231.269124
HKD 8.668561
HNL 29.724929
HRK 7.479982
HTG 144.839083
HUF 365.709653
IDR 20173.709179
ILS 3.527822
IMP 0.832125
INR 103.949434
IQD 1675.804339
IRR 2106276.372842
ISK 136.615251
JEP 0.832125
JMD 175.109641
JOD 0.783436
JPY 176.55668
KES 143.642883
KGS 96.633944
KHR 4555.245976
KMF 488.424308
KPW 994.529939
KRW 1475.954336
KWD 0.342273
KYD 0.921214
KZT 490.972005
LAK 24875.968069
LBP 98990.946199
LKR 367.608649
LRD 187.92009
LSL 18.424912
LTL 3.262876
LVL 0.668423
LYD 7.128154
MAD 10.888345
MDL 20.163267
MGA 5045.55029
MKD 61.565799
MMK 2320.265419
MNT 3983.538744
MOP 8.930813
MRU 44.706587
MUR 52.334293
MVR 17.011781
MWK 1916.870627
MXN 20.571074
MYR 4.506881
MZN 70.609884
NAD 18.424912
NGN 1488.369162
NIO 40.679313
NOK 10.565964
NPR 166.247045
NZD 1.992823
OMR 0.424904
PAB 1.105477
PEN 3.769065
PGK 5.042515
PHP 70.573506
PKR 305.678232
PLN 4.405381
PYG 6852.332655
QAR 4.029682
RON 5.348546
RSD 117.608664
RUB 91.498051
RWF 1632.952539
SAR 4.171329
SBD 8.940545
SCR 15.377943
SDG 664.677448
SEK 11.081594
SGD 1.42257
SHP 0.828019
SLE 25.309141
SLL 23172.000929
SOS 631.715254
SRD 41.443188
STD 22871.958538
STN 24.41556
SVC 9.672286
SYP 14367.642795
SZL 18.412322
THB 37.466201
TJS 10.197487
TMT 3.867617
TND 3.327302
TOP 2.660655
TRY 55.53377
TTD 7.509031
TWD 36.478922
TZS 2938.969804
UAH 50.231124
UGX 4549.266655
USD 1.105033
UYU 44.805247
UZS 13232.296828
VES 995.072
VND 28376.702976
VUV 132.541962
WST 3.080611
XAF 655.957
XAG 0.022062
XAU 0.00028479873
XCD 2.986408
XCG 1.99221
XDR 0.781316
XOF 655.957
XPF 119.331742
YER 261.341095
ZAR 18.543895
ZMK 9946.661002
ZMW 22.577916
ZWL 355.820276
SSP 6394.301253
MXV 2.310758
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Japan ruling party to hold 'toss-up' vote for next PM
Japan ruling party to hold 'toss-up' vote for next PM / Photo: Takashi AOYAMA - POOL/AFP

Japan ruling party to hold 'toss-up' vote for next PM

Japan could get its first woman or youngest-ever prime minister on Friday when the ruling party holds a leadership vote described as the most "unpredictable" in many years.

Text size:

A record nine candidates are in the running after the long-powerful factions of the Liberal Democratic Party (LDP) disbanded earlier this year over a funding scandal.

Because the conservative LDP holds a parliamentary majority, the winner is certain to become prime minister, and will likely call a snap election to shore up their mandate.

Three frontrunners have emerged in polling: former defence minister Shigeru Ishiba, 43-year-old Shinjiro Koizumi -- the son of a popular ex-premier -- and nationalist hardliner Sanae Takaichi, who would be the first woman in the job.

Whoever wins must face down regional security threats, from an increasingly assertive China and its deepening defence ties with Russia to North Korea's banned missile tests.

At home the leader will be tasked with breathing life into the economy, as the central bank moves away from decades of monetary easing that has slashed the value of the yen.

In debates and campaigning, many candidates "have claimed that 'I'm the one who can handle Trump' or 'I'm the one who can stand up to China'", Jeffrey J. Hall, a lecturer at Kanda University of International Studies, told AFP.

But there are significant differences in their approach to such issues, and although some of the nine have "no hope whatsoever", the race remains "a toss-up".

"This is the most unpredictable that an LDP election has been in many years," Hall said.

- 'Fair and square' Ishiba -

LDP presidents are in office for three years and can serve up to three straight terms. Unpopular Prime Minister Fumio Kishida is not running for re-election.

With the factions dissolved, it's unlikely that any one candidate will win enough votes -- split between lawmakers and rank-and-file party members -- to win outright.

That makes a run-off between two top candidates the most likely scenario, with the winner announced Friday afternoon.

Ishiba, 67, has come close to the top job before, including in 2012 when he lost to arch-rival Shinzo Abe, Japan's longest serving leader who was later assassinated.

The military model-maker with an affinity for 1970s pop idols once alienated party veterans with his "outspoken criticism of LDP policies under Abe", said Yu Uchiyama, a political science professor at the University of Tokyo.

But this time, "with public discontent with the LDP rising, the tide is in favour of Ishiba and his 'fair and square' attitude," Uchiyama told AFP.

Economic Security Minister Takaichi, 63, is "the most conservative of the top three" and "not the candidate that feminists would want", Hall said.

She is opposed to changing the law to allow separate surnames for married couples, and regularly visits Tokyo's Yasukuni war shrine -- a flashpoint in relations with South Korea and China.

However Naofumi Fujimura, a professor at the Graduate School of Law at Kobe University, said that while for now she needs the support of the LDP's right wingers, she could perhaps be "more centrist, or more pragmatic" as prime minister.

- Koizumi offers 'rejuvenation' -

Photogenic former environment minister Koizumi would be Japan's youngest ever prime minister, but critics -- including his own father, former premier Junichiro Koizumi -- say he is too inexperienced to lead the country.

Keen surfer Koizumi "best personifies the idea of rejuvenation and change for the LDP" among the frontrunners, but LDP voters could think he "lacks stability", Uchiyama said.

The other six candidates include reformist Taro Kono, 61, and Toshimitsu Motegi, dubbed the "Trump whisperer" for his handling of the former US president in tough trade talks.

Also running are chief cabinet secretary Yoshimasa Hayashi and Takayuki Kobayashi, the only other candidate under 50 -- seen as a wild card by some experts

Whoever emerges victorious on Friday will be formally elected by parliament on October 1.

The LDP has governed Japan almost uninterrupted for decades, with the main opposition parties rarely seen as viable alternatives.

During his term, Kishida has taken steps to double Japan's defence spending, opening the door for military exports as the LDP seeks to revise Japan's pacifist post-war constitution.

He welcomed Ukrainian President Volodymyr Zelensky to a G7 summit in Hiroshima, and has strengthened Japan's often testy ties with its neighbour South Korea.

But his rule was also tarnished by scandals, voter anger over rising prices and sliding poll ratings.

(F.Schuster--BBZ)