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News Kishida Japan's 100th prime minister

thomas

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Today, Japan's parliament elected Fumio Kishida Japan's 100th prime minister.



One of his first actions was to move the Lower House election to 31 October. "It will be wise to hold the Lower House election at the earliest possible date when the public still has high expectations" for the new Cabinet, an LDP official said.

As if anyone had expectations.


It's good when things stay in the family:


Koizumi Jr. was booted for supporting Taro Kono.

Environment Minister Shinjiro Koizumi, who endorsed Kono in the party's election, does not have a position in the Kishida administration.


Right-winger Sanae Takaichi, who shook hands with the chairman of Japan's neonazi party and advocates traditional gender roles, was appointed chairwoman of the Policy Research Council.

From Wikipedia:


And Taro Kono - although the public's favoured candidate - became the head of the LDP's public relations department. Clearly a "window seat", at least for the time being.

On his first day in office, Kishida launched a barrage of promises and policy statements:
  • his government will aim for economic growth and redistribution
  • and consider tweaking the country's financial income tax rate will be among options in addressing income disparity
  • it will uphold freedom, democracy, rule of law
  • Kishida is willing to meet with N. Korea's Kim without preconditions
  • he is considering cash handouts for people hit by COVID-19
  • he vows to work toward a world without nuclear arms
Time to tighten the fundoshi.

PS: here's what the markets think of the new government:


 
Kishida's new government sets out with a very low approval rating of just 45 per cent.

The approval rating for the Cabinet of Prime Minister Fumio Kishida was 45 percent, the lowest for a new administration since 2001, when The Asahi Shimbun began its current method of surveying voters.



And here's an interesting piece by the WP (via MSN):

Japan's new prime minister is a third-generation politician. That's more common than you might think.




 
Let the back-pedalling begin.

Campaign promise: the redistribution of wealth.


A week later:


Progressive income tax?




I agree with Mr Edano (whatever one may think about the toothless and lethargic opposition):



I thought it's now called "Sanaenomics".


And it will be interesting to see how this one plays out: the widow of the Ministry of Finance employee Toshio Akagi, who killed himself over a high-profile public records-tampering scandal involving the ministry and school operator Moritomo Gakuen, asks the PM to probe the corruption scandal once again. It is very unlikely that Kishida will bite the hand that elected him.

 
Here's a piece by The Time magazine on Kishida's 'New Capitalism' for Japan.



 
There seems to be a lot of pressure from the Abe faction:




Former PM Suga and some other LDP figures yesterday visited Yasukuni in person.
 
What's depreciating faster? The JPY or PM Kishida's approval ratings?

Kishida: down to 27.4%.


JPY to USD: 147.

 
I don't rate Kishida highly, but I kind of feel safe with him as PM because he's not a rabid nationalist. I felt very unsettled when Abe was in power, knowing the values he had and what they have led to in Japan's past.
 
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I am sure PM Kishida enjoyed his recent trip to the US, as he did not have to worry about headlines such as this:


His approval ratings are down to 26.5%.


Forty-four per cent of LDP supporters favour Kishida's tax increases, compared to only 29.3% of Komeito supporters.
 
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