BREAKING NEWS: SHINZO ABE RESOLVES. End of an era of government in Japan
Shinzo Abe resigns as Prime Minister of Japan. A sudden decision by Prime Minister Shinzo Abe, who was leading a government that lasted for seven and a half years with a solid Liberal Democratic majority. The prime minister will hold a press conference in Nagata to explain the reasons, related to his health conditions, that led him to this decision. Even his party, the Liberal Democrats (LPD), who have always led Japan, except for brief periods, welcomed the news with great surprise despite Shinzo Abe is also party president. Party secretary Yuichiro Tamaki said he knows nothing, but that if this is Abe's decision, his condition must be really nice and he better focus only on treating his illness. Abe recently went to Keio University Hospital several times for visits, and in the past, before becoming prime minister, he was forced to take a long leave due to an "Ulcerative COlite".
It seems that Abe has held out until today to break even a record, that of prime minister who has remained in office the longest in Japan: in fact, having taken office in December 2012, he had exceeded the previous record of Eisaku Sato on the 24th of this. month. Now the complex negotiations for the succession have begun, which are very reminiscent of the Italian ones when there was the DC and more currents had to be agreed. The three most likely candidates are Fumio Kishida, formerly in government office, Shigeru Ishiba, former secretary general, and chief cabinet secretary Yoshii Kan.
It is unlikely that the new Japanese government will depart from the guidelines of Abenomics, with its famous "Three Arrows": expansionary monetary policy, fiscal stimulus and structural reforms. Moreover, the Liberal Democrats are still strongly at the head of the government and will hardly leave the leadership of Japan, at least in the near future. However, for Japan, it is the end of an era.
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The article BREAKING NEWS: SHINZO ABE RESOLVES. End of an era of government in Japan comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/braking-news-si-dimette-shinzo-abe-fine-di-unepoca-di-governo-in-giappone/ on Fri, 28 Aug 2020 07:05:56 +0000.