Berliner Boersenzeitung - Japan votes with new PM on shaky ground

EUR -
AED 4.310221
AFN 82.155324
ALL 97.823133
AMD 450.645235
ANG 2.100475
AOA 1076.234339
ARS 1473.514285
AUD 1.791261
AWG 2.115499
AZN 1.996077
BAM 1.961628
BBD 2.369741
BDT 142.890269
BGN 1.953652
BHD 0.442395
BIF 3447.001039
BMD 1.173647
BND 1.50457
BOB 8.110095
BRL 6.531578
BSD 1.173687
BTN 101.352119
BWP 16.360608
BYN 3.841012
BYR 23003.479863
BZD 2.357604
CAD 1.596576
CDF 3387.145366
CHF 0.93167
CLF 0.029077
CLP 1115.821696
CNY 8.42068
CNH 8.417255
COP 4779.747549
CRC 591.958723
CUC 1.173647
CUP 31.101644
CVE 110.616143
CZK 24.621957
DJF 208.580483
DKK 7.465416
DOP 70.879738
DZD 152.280921
EGP 57.593323
ERN 17.604704
ETB 160.438806
FJD 2.635075
FKP 0.869596
GBP 0.868129
GEL 3.18031
GGP 0.869596
GHS 12.235242
GIP 0.869596
GMD 84.502242
GNF 10159.087821
GTQ 9.007762
GYD 245.549533
HKD 9.212911
HNL 30.925529
HRK 7.533054
HTG 154.01759
HUF 399.0159
IDR 19081.386546
ILS 3.919001
IMP 0.869596
INR 101.336491
IQD 1537.477481
IRR 49425.218326
ISK 142.387226
JEP 0.869596
JMD 188.209174
JOD 0.832173
JPY 172.152847
KES 151.984555
KGS 102.635049
KHR 4715.713436
KMF 495.279152
KPW 1056.318627
KRW 1621.475665
KWD 0.358138
KYD 0.978106
KZT 626.230545
LAK 25309.696554
LBP 105100.083013
LKR 354.034303
LRD 235.902622
LSL 20.679287
LTL 3.465474
LVL 0.709928
LYD 6.367002
MAD 10.596809
MDL 19.905139
MGA 5199.255783
MKD 61.489111
MMK 2463.429779
MNT 4212.545586
MOP 9.490095
MRU 46.734228
MUR 53.389385
MVR 18.070545
MWK 2038.036225
MXN 21.885465
MYR 4.962764
MZN 75.066503
NAD 20.679181
NGN 1796.607129
NIO 43.131273
NOK 11.821875
NPR 162.163792
NZD 1.957138
OMR 0.451263
PAB 1.173687
PEN 4.178539
PGK 4.869168
PHP 66.751132
PKR 334.401423
PLN 4.25183
PYG 8925.250959
QAR 4.27278
RON 5.067772
RSD 117.118129
RUB 92.132882
RWF 1688.291111
SAR 4.4027
SBD 9.723776
SCR 16.576525
SDG 704.776571
SEK 11.168471
SGD 1.500596
SHP 0.922302
SLE 26.993899
SLL 24610.793968
SOS 670.744383
SRD 42.9948
STD 24292.121904
STN 24.881315
SVC 10.269204
SYP 15259.59054
SZL 20.679677
THB 37.756437
TJS 11.267275
TMT 4.119501
TND 3.37717
TOP 2.748801
TRY 47.479094
TTD 7.970681
TWD 34.502525
TZS 3063.218208
UAH 49.028302
UGX 4211.5125
USD 1.173647
UYU 47.390799
UZS 14934.657142
VES 140.209264
VND 30684.999032
VUV 139.392575
WST 3.09389
XAF 657.911671
XAG 0.029898
XAU 0.000342
XCD 3.17184
XCG 2.115285
XDR 0.819039
XOF 659.589833
XPF 119.331742
YER 282.790417
ZAR 20.611981
ZMK 10564.229246
ZMW 27.141638
ZWL 377.913833
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

Japan votes with new PM on shaky ground
Japan votes with new PM on shaky ground / Photo: Yuichi YAMAZAKI - AFP

Japan votes with new PM on shaky ground

Japan votes in its tightest election in years on Sunday, with new Prime Minister Shigeru Ishiba and his juggernaut Liberal Democratic Party facing potentially their worst result since 2009.

Text size:

Opinion polls suggest the conservative LDP and its junior coalition partner may fall short of a majority, a result that could deal a knockout blow to Ishiba.

The 67-year-old former defence minister took office and called a snap election after being narrowly selected last month to lead the LDP, which has governed Japan for almost all of the past seven decades.

But voters in the world's fourth-largest economy have been rankled by rising prices and the fallout from a party slush fund scandal that helped sink previous premier Fumio Kishida.

"We want to start afresh as a fair, just and sincere party, and seek your mandate," Ishiba told supporters at a rally on Saturday.

He has pledged to revitalise depressed rural regions and to address the "quiet emergency" of Japan's falling population through family-friendly policies such as flexible working hours.

But he has since rowed back his position on issues including allowing married couples to take separate surnames. He also named only two women ministers in his cabinet.

The self-confessed security policy "geek" has backed the creation of a regional military alliance along the lines of NATO to counter China, although he has since cautioned it would "not happen overnight".

A poll on Friday by the Yomiuri Shimbun daily suggested that the LDP and its coalition partner Komeito might struggle to get the 233 lower house seats needed for a majority.

Ishiba has set this threshold as his objective, and missing it would undermine his position in the LDP and mean finding other coalition partners or leading a minority government.

- 'Start afresh' -

Local media speculated that Ishiba could potentially even resign immediately to take responsibility, becoming Japan's shortest-serving prime minister in the post-war period.

The current record is held by Naruhiko Higashikuni who served for 54 days -- four days more than British leader Liz Truss in 2022 -- just after Japan's 1945 defeat in World War II.

"The situation is extremely severe," Ishiba reportedly said on the stump Friday.

In many districts, LDP candidates are neck-and-neck with those from the Constitutional Democratic Party (CDP) -- the second-biggest in parliament -- led by popular former prime minister Yoshihiko Noda.

"The LDP's politics is all about quickly implementing policies for those who give them loads of cash," Noda told his supporters on Saturday.

"But those in vulnerable positions, who can't offer cash, have been ignored," he added, accusing the LDP-led government of offering insufficient support for survivors of an earthquake in central Japan.

Noda's stance "is sort of similar to the LDP's. He is basically a conservative," Masato Kamikubo, a political scientist at Ritsumeikan University, told AFP.

"The CDP or Noda can be an alternative to the LDP. Many voters think so," Kamikubo said.

Ishiba promised to not actively support LDP politicians caught up in the funding scandal and running in the election, although they are still standing.

According to Japanese media, the party has also provided 20 million yen ($132,000) each to district offices headed by these figures -- reports Ishiba has called "biased" as "those candidates will not use the money".

Hitomi Hisano, an undecided voter from the central Aichi region, told AFP in Tokyo that the LDP's funding scandal was a big factor for him.

"The LDP has sat in power for too long. I see hubris in there," the 69-year-old said. "So part of me wants to punish them."

"But there aren't other parties that are reliable enough to win my vote."

(T.Burkhard--BBZ)