Free Trial
HUNGARY

To Oppose Global Minimum Tax At EU Meeting

FOREX

FX OPTION EXPIRY

NATURAL GAS

Russian Gas Flows Slow Across Europe

NATURAL GAS

TTF up 32% this Week on Supply Issues

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

Suga Sets Off Succession Race

JAPAN

PM Suga has confirmed that he will not seek re-election as LDP leader to focus on Covid-19 matters. The Premier did not take questions from reporters.

  • The Nikkei reported that Taro Kono is now considering throwing his hat in the ring to become LDP leader. Kono is the government's current Covid-19 vaccine czar and held Defence and Foreign Affairs portfolios under Shinzo Abe.
  • The Nikkei piece also mentioned Shigeru Ishiba as a potential candidate. Ishiba is a former Defence Minister who ran against Suga in last year's leadership election.
  • Former Foreign Minister Fumio Kishida remains the only formally declared contender and is running on a platform of boosting spending on Covid-19 countermeasures and initiating a generational change in the LDP. Kishida reaffirmed his intention after Suga dropped out.
  • Former Internal Affairs Minister Sanae Takaichi has also expressed his interest in running for LDP President.
  • Kono was the public's most favoured candidate for LDP President in the opinion poll conducted by the Nikkei last week, but Ishiba trailed him only by a fraction of a percentage point. Kishida came third, ahead of current PM Suga.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

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.