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Kingless Abe Faction Exacerbates Internal Chaos Within LDP
The largest faction within Japan's ruling Liberal Democratic Party is struggling to elect a new leader who would succeed the late former Prime Minister Shinzo Abe, Jiji reports. The 97-member Abe faction, formally known as the Seiwa Policy Research Group, has been operating without a permanent leader since the assassination of Shinzo Abe last July.
- The faction's acting chairman Ryu Shionoya was widely perceived as the frontrunner to take the helm, but according to the Jiji report his leadership bid was blocked by middle-ranking and junior members of the group.
- While several political heavyweights associated with the faction could potentially throw their hats into the ring, none of them seems to have sufficient support to win a leadership contest. Some of the names mentioned by the press include Chief Cabinet Secretary Matsuno, METI Minister Nishimura, and Policy Research Council Chairman Hagiuda.
- The lack of a clearly designated leader leaves the faction in a state of inertia, exacerbating the LDP's internal disarray amid a crisis which sees the party haemorrhage public support over the Unification Church scandal. Knock-on effects on the entire ruling party are accentuated by the sheer size of the faction, which has over a quarter of LDP lawmakers as its members.
- Prime Minister Kishida would benefit from improved coordination with various factions of his party, chiefly the Seiwa Policy Research Group, at a time when he is dealing with a major crisis of public confidence in his government and is looking to push key fiscal legislation through parliament.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.