- Prime Minister Yoshihide Suga to resign after a steady decline in approval ratings and the subsequent loss of backing from leaders in his party.
- Suga’s departure reduces the chance of an unfavourable outcome in the lower house election for the ruling party – there were concerns within the ruling Liberal Democratic Party (LDP) this could occur without a change in Prime Minister.
- Key contenders for his successor include: the increasingly popular vaccine minister Taro
Kono; former minister of foreign affairs Fumio Kishida; former internal affairs and
communications minister Sanae Takaichi; and former defence minister Shigeru Ishiba.
Given the weakened opposition, we still expect the LDP to retain power after the general election.
The research and analysis included on this website has been produced by Columbia Threadneedle Investments for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice and should not be seen as investment advice. Information obtained from external sources is believed to be reliable but its accuracy or completeness cannot be guaranteed.