Free Trial
GILTS

Opening calls

EGB SYNDICATION

Finland 15y: Books open

NATURAL GAS

TTF Holding Near Lows on Mild Weather Next Week

EQUITIES

EU Cash opening calls

SILVER TECHS

Bull Trend Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Kishida To Replace Justice Minister Hanashi Amid Criticism

JAPAN

Prime Minister Fumio Kishida has confirmed his intention to replace Justice Minister Yasuhiro Hanashi over his inappropriate comments regarding his position and the death penalty, local media outlets report.

  • The Justice Minister is set to be ousted despite intimating his intention to stay in a testimony to lawmakers earlier today. Morning press reports suggested that there was growing momentum within the Liberal Democratic Party behind the push to replace him.
  • Hanashi will be the second Cabinet member to step down in just one month, following the resignation of Economic Revitalisation Minister Yamagiwa. High turnover among Cabinet members bodes ill for the stability of the executive.
  • Sankei notes that keeping Hanashi as minister would draw increased criticism from the opposition, slowing parliamentary debate on the recently announced extra budget, which was a concern for Prime Minister Kishida.
  • Yomiuri reports that Kishida wants to arrange Hanashi's replacement in short order, before he departs for his nine-day Southeast Asia trip later today.
155 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Prime Minister Fumio Kishida has confirmed his intention to replace Justice Minister Yasuhiro Hanashi over his inappropriate comments regarding his position and the death penalty, local media outlets report.

  • The Justice Minister is set to be ousted despite intimating his intention to stay in a testimony to lawmakers earlier today. Morning press reports suggested that there was growing momentum within the Liberal Democratic Party behind the push to replace him.
  • Hanashi will be the second Cabinet member to step down in just one month, following the resignation of Economic Revitalisation Minister Yamagiwa. High turnover among Cabinet members bodes ill for the stability of the executive.
  • Sankei notes that keeping Hanashi as minister would draw increased criticism from the opposition, slowing parliamentary debate on the recently announced extra budget, which was a concern for Prime Minister Kishida.
  • Yomiuri reports that Kishida wants to arrange Hanashi's replacement in short order, before he departs for his nine-day Southeast Asia trip later today.