AIRLINK 198.00 Increased By ▲ 0.03 (0.02%)
BOP 9.90 Decreased By ▼ -0.14 (-1.39%)
CNERGY 7.52 Increased By ▲ 0.23 (3.16%)
FCCL 39.00 Increased By ▲ 3.00 (8.33%)
FFL 16.77 Decreased By ▼ -0.14 (-0.83%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 134.69 Increased By ▲ 0.66 (0.49%)
HUMNL 14.30 Increased By ▲ 0.16 (1.13%)
KEL 4.77 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.69 Decreased By ▼ -0.25 (-3.6%)
MLCF 46.44 Increased By ▲ 1.46 (3.25%)
OGDC 216.37 Decreased By ▼ -1.86 (-0.85%)
PACE 6.95 Increased By ▲ 0.01 (0.14%)
PAEL 41.00 Decreased By ▼ -0.42 (-1.01%)
PIAHCLA 16.96 Increased By ▲ 0.10 (0.59%)
PIBTL 8.47 Increased By ▲ 0.01 (0.12%)
POWER 9.71 Increased By ▲ 0.32 (3.41%)
PPL 183.90 Decreased By ▼ -2.03 (-1.09%)
PRL 42.29 Increased By ▲ 1.02 (2.47%)
PTC 24.92 Increased By ▲ 0.15 (0.61%)
SEARL 104.30 Decreased By ▼ -0.35 (-0.33%)
SILK 1.01 No Change ▼ 0.00 (0%)
SSGC 40.35 Decreased By ▼ -0.56 (-1.37%)
SYM 17.80 Decreased By ▼ -0.25 (-1.39%)
TELE 8.75 Decreased By ▼ -0.16 (-1.8%)
TPLP 13.06 Increased By ▲ 0.22 (1.71%)
TRG 66.00 Decreased By ▼ -0.60 (-0.9%)
WAVESAPP 11.26 Decreased By ▼ -0.04 (-0.35%)
WTL 1.77 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.00 No Change ▼ 0.00 (0%)
BR100 12,091 Decreased By -18 (-0.15%)
BR30 36,602 Increased By 3.7 (0.01%)
KSE100 114,937 Decreased By -104.9 (-0.09%)
KSE30 36,137 Decreased By -63.1 (-0.17%)

TOKYO: Japan got a new prime minister on Tuesday, with Shigeru Ishiba setting out to jumpstart a lacklustre economy, defuse a demographic crisis and build an Asian NATO to face down China.

Ishiba, 67, says he intends to call a general election for October 27. He won a tight race on Friday to lead the Liberal Democratic Party (LDP), which has governed almost continuously for decades.

After the LDP-dominated parliament approved Ishiba’s appointment, his new cabinet of 19 ministers was announced. Just two were women, who have historically been poorly represented in politics and business in Japan. Foreign minister Yoko Kamikawa, one of five women in the outgoing cabinet, was replaced by Takeshi Iwaya. Katsunobu Kato, who was health minister during the Covid pandemic, was named finance minister, while Gen Nakatani took defence.

Ishiba, who has held at least three previous ministerial posts, tried and failed four times before to become LDP leader.

He finally succeeded this time because, while a divisive figure within the party, he is relatively popular among voters, analysts said — unlike his predecessor Fumio Kishida.

Ishiba’s win “indicates that the LDP sought an experienced leader with broad voter appeal to steer the party in the next national election”, said Yuko Nakano of the Center for Strategic and International Studies.

“If the ruling coalition secures a fresh mandate (in the election), Ishiba will have the opportunity to reshape the party’s internal dynamics and restore public confidence, while addressing Japan’s broader challenges, including economic stagnation felt by many voters and regional security concerns,” she said.

Comments

Comments are closed.