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Japan will elect a new prime minister at the end of September. What are the concerns of the capital market?

2024-08-22

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[Public information shows that Japanese House of Representatives member and current Minister of Digital Affairs Taro Kono met with LDP Vice President and former Prime Minister Taro Aso in Tokyo on the 16th and expressed his willingness to participate in the LDP presidential election. A person from the LDP Aso faction revealed that Taro Aso has approved his request and will support it.]

[This time, the votes of members of the National Assembly are 367, and the votes of party members and party friends are 367, for a total of 734 votes.]

After Japanese Prime Minister Fumio Kishida announced his withdrawal from the LDP presidential election in September last week, undercurrents have been surging within Japan's ruling Liberal Democratic Party.

According to CCTV News, on August 20, local time, the Liberal Democratic Party Presidential Election Management Committee held a meeting and decided to release the Liberal Democratic Party presidential election announcement on September 12, and conduct election voting and vote counting on September 27.

Public information currently shows that as many as 11 politicians in the Liberal Democratic Party have expressed their intention to run in the September election. Since the Liberal Democratic Party introduced the joint nomination system in 1972, the highest number of candidates for the Liberal Democratic Party presidential election was in 2008 and 2012, with five candidates each year. This year's candidates are expected to set a new record.

Who is the new Prime Minister?

Public information shows that to participate in the LDP presidential election, one needs to be recommended by 20 Japanese parliamentarians. When voting, each member of parliament has one vote, and the number of votes of parliamentarians is equal to the number of votes of party members and party friends. This time, the number of votes of parliamentarians is 367, and the number of votes of party members and party friends is 367, for a total of 734 votes.