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Ishiba announces bid to succeed Kishida as Japan's leader

Published 08/23/2024, 10:11 PM
Updated 08/24/2024, 07:25 AM
© Reuters. FILE PHOTO: Shigeru Ishiba, a member of Japan's ruling Liberal Democratic Party (LDP), speaks during an interview with Reuters in Tokyo, Japan, August 6, 2024. REUTERS/Makiko Yamazaki/File Photo

TOKYO (Reuters) - Shigeru Ishiba, a former defence minister, said on Saturday he would run in the ruling Liberal Democratic Party leadership election on Sept 27 that will pick a successor to Prime Minister Fumio Kishida.

© Reuters. Shigeru Ishiba, Tokyo, August 6, 2024. REUTERS/Makiko Yamazaki

Kishida will step down in September, ending a three-year term as leader of the world's fourth-largest economy.

In a recent interview with Reuters, Ishiba endorsed the Bank of Japan's policy of gradually raising interest rates, saying the normalisation of ultra-loose monetary policy could push down prices and boost industrial competitiveness.

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