Free Trial

LDP Urges Two Prominent Lawmakers To Leave Party Over Funding Scandal

JAPAN

In line with our earlier bullet (see 'LDP Disciplinary Committee Expected To Ask Two Snr Off'ls To Leave Party', 0907BST), Japan's governing Liberal Democratic Party (LDP) has indeed urged lawmakers Ryu Shionoya and Hiroshige Seko to leave the party over a scandal involving fundraising by powerful LDP factions and the payment of kickbacks.

  • As Kyodo News notes, the scandal has dogged PM Fumio Kishida for a year amid already-low approval ratings for him and his Cabinet. The PM will hope that the punishments for 39 current and former lawmakers proves enough to draw a line under the scandal, allowing Kishida to focus on his upcoming state visit to the US. Maintaining robust links with the White House is viewed as crucial for the Japanese gov't amid rising belligerence from North Korea and continued concerns about Chinese aims in the Indo-Pacific.
  • The impact of the LDP faction funding scandal has already hit party support. Indeed, the LDP will not put forward candidates in two of the three 28 April parliamentary by-elections, with independents instead set to be backed by the LDP in the Tokyo No. 15 and Nagasaki No. 3 constituencies.
190 words

To read the full story

Close

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.

In line with our earlier bullet (see 'LDP Disciplinary Committee Expected To Ask Two Snr Off'ls To Leave Party', 0907BST), Japan's governing Liberal Democratic Party (LDP) has indeed urged lawmakers Ryu Shionoya and Hiroshige Seko to leave the party over a scandal involving fundraising by powerful LDP factions and the payment of kickbacks.

  • As Kyodo News notes, the scandal has dogged PM Fumio Kishida for a year amid already-low approval ratings for him and his Cabinet. The PM will hope that the punishments for 39 current and former lawmakers proves enough to draw a line under the scandal, allowing Kishida to focus on his upcoming state visit to the US. Maintaining robust links with the White House is viewed as crucial for the Japanese gov't amid rising belligerence from North Korea and continued concerns about Chinese aims in the Indo-Pacific.
  • The impact of the LDP faction funding scandal has already hit party support. Indeed, the LDP will not put forward candidates in two of the three 28 April parliamentary by-elections, with independents instead set to be backed by the LDP in the Tokyo No. 15 and Nagasaki No. 3 constituencies.