Zürcher Nachrichten - Japan PM Kishida, once a safe pair of hands, fumbles top job

EUR -
AED 4.104397
AFN 76.945413
ALL 99.231189
AMD 432.617988
ANG 2.010719
AOA 1036.724537
ARS 1074.259252
AUD 1.641361
AWG 2.011389
AZN 1.904081
BAM 1.955429
BBD 2.252673
BDT 133.324726
BGN 1.95472
BHD 0.42042
BIF 3234.286875
BMD 1.117438
BND 1.441627
BOB 7.709539
BRL 6.162788
BSD 1.115688
BTN 93.249023
BWP 14.748204
BYN 3.651208
BYR 21901.788071
BZD 2.248874
CAD 1.517202
CDF 3208.165381
CHF 0.950204
CLF 0.037689
CLP 1039.944272
CNY 7.880067
CNH 7.870123
COP 4641.820049
CRC 578.89026
CUC 1.117438
CUP 29.612111
CVE 110.244101
CZK 25.088056
DJF 198.672338
DKK 7.466767
DOP 66.967305
DZD 147.657009
EGP 54.142736
ERN 16.761573
ETB 129.466357
FJD 2.459262
FKP 0.850995
GBP 0.839107
GEL 3.051043
GGP 0.850995
GHS 17.539675
GIP 0.850995
GMD 76.548818
GNF 9639.172699
GTQ 8.624365
GYD 233.395755
HKD 8.704949
HNL 27.675753
HRK 7.597474
HTG 147.212093
HUF 393.517458
IDR 16941.25656
ILS 4.221139
IMP 0.850995
INR 93.284241
IQD 1461.522939
IRR 47035.770303
ISK 152.262556
JEP 0.850995
JMD 175.286771
JOD 0.791709
JPY 160.803866
KES 143.922717
KGS 94.13132
KHR 4531.14103
KMF 493.181764
KPW 1005.693717
KRW 1488.975611
KWD 0.340897
KYD 0.929724
KZT 534.908597
LAK 24636.329683
LBP 99909.860054
LKR 340.395471
LRD 223.1377
LSL 19.586187
LTL 3.299505
LVL 0.675928
LYD 5.297996
MAD 10.818149
MDL 19.468309
MGA 5046.04342
MKD 61.603322
MMK 3629.395577
MNT 3797.054841
MOP 8.955702
MRU 44.337595
MUR 51.268486
MVR 17.164273
MWK 1934.433289
MXN 21.697078
MYR 4.698871
MZN 71.348848
NAD 19.586187
NGN 1831.984424
NIO 41.062216
NOK 11.713438
NPR 149.198716
NZD 1.791484
OMR 0.429669
PAB 1.115688
PEN 4.181807
PGK 4.367172
PHP 62.188829
PKR 309.994034
PLN 4.274593
PYG 8704.349913
QAR 4.067529
RON 4.972492
RSD 117.203662
RUB 103.07316
RWF 1504.014883
SAR 4.193134
SBD 9.282489
SCR 14.578236
SDG 672.143165
SEK 11.364797
SGD 1.442952
SHP 0.850995
SLE 25.530448
SLL 23432.113894
SOS 637.579134
SRD 33.752262
STD 23128.713955
SVC 9.762149
SYP 2807.596846
SZL 19.593286
THB 36.793929
TJS 11.859752
TMT 3.911034
TND 3.380559
TOP 2.617156
TRY 38.132438
TTD 7.588561
TWD 35.736832
TZS 3045.822602
UAH 46.114158
UGX 4133.216465
USD 1.117438
UYU 46.101261
UZS 14197.308611
VEF 4047978.463464
VES 41.096875
VND 27494.566096
VUV 132.664504
WST 3.125992
XAF 655.832674
XAG 0.035881
XAU 0.000426
XCD 3.019933
XDR 0.826843
XOF 655.832674
XPF 119.331742
YER 279.722751
ZAR 19.426272
ZMK 10058.288435
ZMW 29.537401
ZWL 359.814634
  • CMSD

    0.0100

    25.02

    +0.04%

  • RBGPF

    58.8300

    58.83

    +100%

  • CMSC

    0.0300

    25.15

    +0.12%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • BTI

    -0.1300

    37.44

    -0.35%

  • GSK

    -0.8200

    40.8

    -2.01%

  • NGG

    0.7200

    69.55

    +1.04%

  • RIO

    -1.6100

    63.57

    -2.53%

  • SCS

    -0.3900

    12.92

    -3.02%

  • VOD

    -0.0500

    10.01

    -0.5%

  • BP

    -0.1200

    32.64

    -0.37%

  • JRI

    -0.0800

    13.32

    -0.6%

  • BCE

    -0.1500

    35.04

    -0.43%

  • BCC

    -7.1900

    137.5

    -5.23%

  • RELX

    -0.1400

    47.99

    -0.29%

  • AZN

    -0.5200

    78.38

    -0.66%

Japan PM Kishida, once a safe pair of hands, fumbles top job
Japan PM Kishida, once a safe pair of hands, fumbles top job / Photo: Philip FONG - POOL/AFP

Japan PM Kishida, once a safe pair of hands, fumbles top job

Japan's Prime Minister Fumio Kishida was seen as a safe pair of hands when his party installed him three years ago, but he soon became a liability as scandals and inflation eroded his popularity.

Text size:

Kishida, 67, will step down next month after announcing on Wednesday he was pulling out of a contest for leadership of the ruling Liberal Democratic Party and ahead of a general election scheduled by October next year.

A father-of-three and keen baseball fan, Kishida is the scion of a Hiroshima political family and has a low-key presence sometimes taken for a lack of charisma.

Taking office in 2021, Kishida touted his listening skills and promised a fresh stimulus package to revive the virus-hit economy, now the fourth-largest in the world.

He vowed to tackle Japan's demographic crisis and promote a more equitable "new capitalism", but these policies remained vague, as did his plans to pay for them.

Seeking to reduce oil and gas imports, under Kishida Japan has steadily been bringing its nuclear power stations -- shut down after the 2011 Fukushima disaster -- back online.

Despite having a liberal reputation, Kishida was reticent on hot-button social issues such as gay marriage, although his government -- which has five female ministers -- passed new laws on the number of women in corporate boardrooms.

On foreign policy he won plaudits, siding decisively with Ukraine after Russia's invasion in 2022, welcoming President Volodymyr Zelensky to a G7 summit in Hiroshima -- Kishida's hometown -- and visiting Kyiv.

Kishida also promised to hike military spending in a move welcomed by the United States as it seeks to counter China, while once-frosty relations with South Korea also improved.

But his failure to get to grips with rising consumer prices and scandals involving his party and family translated into tumbling poll ratings for the LDP, which has run Japan almost uninterrupted for decades.

"Unless Mr Kishida stepped down, (LDP insiders believed that) the LDP would face big trouble at the next general election," said Yu Uchiyama, political science professor at the University of Tokyo.

"By changing the face of the party, the LDP wants to have a fresh image and leave an impression that the LDP has changed. Unless they do that, they believe that they will have a problem," Uchiyama said.

- Party scandals -

Last year leaked photos of his son partying at the prime minister's official residence forced Kishida to remove him as his secretary.

Kishida lost four ministers in three months in 2022 including the defence chief, both over alleged ties to the South Korean Unification Church.

The man accused of shooting dead former prime minister Shinzo Abe in July 2022 did so because he believed Abe was tied to the Church, which the attacker resented for personal reasons.

Kishida -- who last year escaped a pipe-bomb attack unscathed -- also ruffled feathers by organising a state funeral for Abe instead of a smaller ceremony.

But the biggest scandal was over millions of dollars in alleged kickbacks from LDP fundraising events, which Kishida promised to tackle "like a ball of fire".

Kishida pushed powerful factions within the LDP to disband, but this angered many party members, said Koichi Nakano, political science professor at Sophia University.

"He has failed to close ranks within the LDP," Nakano told AFP.

But he added: "For an LDP leader, staying in power for three years is longer than the average."

O.Hofer--NZN