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Free AccessSuga Sets Off Succession Race
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.
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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.