Berliner Boersenzeitung - 'Clumsy' Japanese PM Ishiba's future in the balance

EUR -
AED 4.339975
AFN 76.814055
ALL 96.492679
AMD 444.535927
ANG 2.115423
AOA 1083.663344
ARS 1692.015434
AUD 1.685082
AWG 2.130101
AZN 2.013663
BAM 1.954639
BBD 2.37329
BDT 144.104396
BGN 1.984592
BHD 0.444236
BIF 3491.925652
BMD 1.181748
BND 1.500509
BOB 8.142163
BRL 6.165657
BSD 1.1783
BTN 106.731597
BWP 15.599733
BYN 3.385189
BYR 23162.260663
BZD 2.369792
CAD 1.617282
CDF 2599.846012
CHF 0.916635
CLF 0.025765
CLP 1017.355497
CNY 8.200091
CNH 8.189295
COP 4371.90291
CRC 584.152989
CUC 1.181748
CUP 31.316322
CVE 110.199537
CZK 24.230684
DJF 209.825355
DKK 7.471252
DOP 74.365824
DZD 153.099053
EGP 55.224195
ERN 17.72622
ETB 183.179684
FJD 2.611077
FKP 0.868124
GBP 0.867943
GEL 3.184858
GGP 0.868124
GHS 12.949308
GIP 0.868124
GMD 86.268024
GNF 10342.855918
GTQ 9.037631
GYD 246.523555
HKD 9.234002
HNL 31.12551
HRK 7.534948
HTG 154.358305
HUF 377.809361
IDR 19918.953296
ILS 3.676034
IMP 0.868124
INR 107.038538
IQD 1543.583048
IRR 49781.134392
ISK 145.012752
JEP 0.868124
JMD 184.420447
JOD 0.837906
JPY 185.77138
KES 151.999706
KGS 103.344316
KHR 4755.17523
KMF 495.152823
KPW 1063.561382
KRW 1729.84719
KWD 0.363045
KYD 0.981917
KZT 582.993678
LAK 25320.958308
LBP 105522.815101
LKR 364.543446
LRD 221.518409
LSL 19.009707
LTL 3.489395
LVL 0.714828
LYD 7.461568
MAD 10.817274
MDL 20.090066
MGA 5230.892634
MKD 61.603405
MMK 2481.227493
MNT 4216.320453
MOP 9.482267
MRU 46.591323
MUR 54.43176
MVR 18.258453
MWK 2043.186263
MXN 20.401229
MYR 4.664955
MZN 75.33688
NAD 19.009707
NGN 1615.426317
NIO 43.36424
NOK 11.451852
NPR 170.770555
NZD 1.97898
OMR 0.453131
PAB 1.1783
PEN 3.964645
PGK 5.052998
PHP 69.145302
PKR 329.485672
PLN 4.218238
PYG 7785.375166
QAR 4.294849
RON 5.093811
RSD 117.310313
RUB 90.746093
RWF 1719.778381
SAR 4.430064
SBD 9.522701
SCR 16.366678
SDG 710.825762
SEK 10.663153
SGD 1.504252
SHP 0.886617
SLE 28.894177
SLL 24780.663673
SOS 672.200685
SRD 44.691391
STD 24459.797516
STN 24.485455
SVC 10.309876
SYP 13069.630436
SZL 19.00571
THB 37.266468
TJS 11.040741
TMT 4.142027
TND 3.41737
TOP 2.845365
TRY 51.538989
TTD 7.97926
TWD 37.331853
TZS 3045.890616
UAH 50.612034
UGX 4192.509477
USD 1.181748
UYU 45.542946
UZS 14469.404578
VES 446.683163
VND 30666.360419
VUV 140.844072
WST 3.227011
XAF 655.567566
XAG 0.015204
XAU 0.000238
XCD 3.193733
XCG 2.123638
XDR 0.815316
XOF 655.567566
XPF 119.331742
YER 281.732962
ZAR 18.960639
ZMK 10637.154271
ZMW 21.945963
ZWL 380.522372
  • SCS

    0.0200

    16.14

    +0.12%

  • JRI

    0.0900

    12.97

    +0.69%

  • BCC

    1.8700

    91.03

    +2.05%

  • GSK

    1.0600

    60.23

    +1.76%

  • NGG

    1.1700

    88.06

    +1.33%

  • RIO

    2.2900

    93.41

    +2.45%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • AZN

    5.8700

    193.03

    +3.04%

  • BP

    0.8400

    39.01

    +2.15%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BCE

    -0.4900

    25.08

    -1.95%

  • CMSD

    0.0600

    23.95

    +0.25%

  • BTI

    0.8400

    62.8

    +1.34%

  • VOD

    0.4900

    15.11

    +3.24%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • RELX

    -0.7100

    29.38

    -2.42%

'Clumsy' Japanese PM Ishiba's future in the balance
'Clumsy' Japanese PM Ishiba's future in the balance / Photo: Shuji Kajiyama - POOL/AFP

'Clumsy' Japanese PM Ishiba's future in the balance

Shigeru Ishiba likes the nitty gritty of policy, cigarettes and making models, but his dream job as Japanese prime minister could go up in smoke this weekend.

Text size:

Opinion polls suggest that Ishiba's coalition could lose its majority in upper house elections on Sunday, a result that might push him to resign.

The Liberal Democratic Party (LDP) has governed Japan almost continuously since 1955, but whether anyone wants to replace Ishiba is another matter.

"I wonder who else wants the job," Masahisa Endo, politics professor at Waseda University, told AFP.

Ishiba, 68, a self-confessed defence "geek", is the son of a regional governor and is from Japan's small Christian minority.

He won the party leadership in September, on his fifth try, to become the LDP's 10th separate prime minister since 2000, all of them men.

Ishiba pledged to "create a new Japan" and revitalise depressed rural regions, and to address the "quiet emergency" of Japan's shrinking population.

He immediately called lower house elections for October but that backfired spectactularly, with the LDP suffering its worst result in 15 years.

That robbed the LDP and its coalition party Komeito of their majority, forcing them to bargain with opposition parties to pass legislation.

Ishiba's policies on bringing down inflation and spurring growth have "flip-flopped" as a result, said Stefan Angrick at Moody's Analytics.

"Ishiba's government has boxed itself in, promising only some belated and half-hearted financial support that will do little to improve the demand outlook," Angrick said.

The government's popularity ratings have plummeted, with voters angry about price rises, especially for rice that is twice as expensive as a year ago.

- Clumsy ways -

Ishiba, the father of two daughters, also missed a chance to appear more modern by appointing only two women to his cabinet, down from five under predecessor Fumio Kishida.

Ishiba's sometimes clumsy ways -- ranging from the less-than-perfectly tidy arrangement of his tuxedo to his table manners -- have also been rich fodder for social media memes.

He drew ridicule after being snapped apparently napping in parliament and for failing to stand up to greet other world leaders at a gathering in South America.

Worse was a video that emerged of Ishiba eating an onigiri rice ball -- a popular snack -- whole and munching on it without closing his mouth.

"He eats like a three-year-old," one user said on social media platform X.

"How could he have risen to the top with these manners?" asked another.

- No deal -

A major challenge has been dealing with US President Donald Trump, who has imposed tariffs on Japanese cars, steel and aluminium.

Further levies of 25 percent on other Japanese imports will come into force on August 1 if there is no trade agreement.

Ishiba secured an early invitation to the White House in February and has sent his tariffs envoy to Washington seven times, but there has been no deal yet.

Then-premier Shinzo Abe -- dubbed a "Trump whisperer" -- fared better during Trump's first term, managing to shield Japan from any tariffs.

Abe, who was assassinated in 2022, gifted Trump a gold-coloured golf club and was a frequent visitor to see the US president.

According to Trump, Abe even nominated him for the Nobel prize. "There will never be another like him," he said after Abe's death.

(K.Lüdke--BBZ)