The Fort Worth Press - Japan PM calls snap election to 'create a new Japan'

USD -
AED 3.673042
AFN 68.266085
ALL 93.025461
AMD 389.644872
ANG 1.80769
AOA 912.000367
ARS 997.22659
AUD 1.547988
AWG 1.795
AZN 1.70397
BAM 1.85463
BBD 2.025224
BDT 119.861552
BGN 1.857551
BHD 0.376464
BIF 2962.116543
BMD 1
BND 1.344649
BOB 6.930918
BRL 5.79695
BSD 1.002987
BTN 84.270352
BWP 13.71201
BYN 3.282443
BYR 19600
BZD 2.02181
CAD 1.41005
CDF 2865.000362
CHF 0.887938
CLF 0.035528
CLP 975.269072
CNY 7.232504
CNH 7.23645
COP 4499.075435
CRC 510.454696
CUC 1
CUP 26.5
CVE 104.561187
CZK 23.965904
DJF 178.606989
DKK 7.07804
DOP 60.43336
DZD 133.184771
EGP 49.296856
ERN 15
ETB 121.465364
EUR 0.94835
FJD 2.27595
FKP 0.789317
GBP 0.792519
GEL 2.73504
GGP 0.789317
GHS 16.022948
GIP 0.789317
GMD 71.000355
GNF 8643.497226
GTQ 7.746432
GYD 209.748234
HKD 7.785135
HNL 25.330236
HRK 7.133259
HTG 131.85719
HUF 387.22504
IDR 15898.3
ILS 3.744115
IMP 0.789317
INR 84.47775
IQD 1313.925371
IRR 42092.503816
ISK 137.650386
JEP 0.789317
JMD 159.290693
JOD 0.709104
JPY 154.340504
KES 129.894268
KGS 86.503799
KHR 4051.965293
KMF 466.575039
KPW 899.999621
KRW 1395.925039
KWD 0.30754
KYD 0.835902
KZT 498.449576
LAK 22039.732587
LBP 89819.638708
LKR 293.025461
LRD 184.552653
LSL 18.247689
LTL 2.95274
LVL 0.60489
LYD 4.898772
MAD 9.999526
MDL 18.224835
MGA 4665.497131
MKD 58.423024
MMK 3247.960992
MNT 3397.999946
MOP 8.042767
MRU 40.039827
MUR 47.210378
MVR 15.450378
MWK 1739.225262
MXN 20.35475
MYR 4.470504
MZN 63.903729
NAD 18.247689
NGN 1665.820377
NIO 36.906737
NOK 11.08797
NPR 134.832867
NZD 1.704318
OMR 0.384524
PAB 1.002987
PEN 3.80769
PGK 4.033
PHP 58.731504
PKR 278.485894
PLN 4.096724
PYG 7826.086957
QAR 3.656441
RON 4.725204
RSD 110.944953
RUB 99.872647
RWF 1377.554407
SAR 3.756134
SBD 8.390419
SCR 13.840372
SDG 601.503676
SEK 10.978615
SGD 1.343704
SHP 0.789317
SLE 22.603667
SLL 20969.504736
SOS 573.230288
SRD 35.315504
STD 20697.981008
SVC 8.776255
SYP 2512.529858
SZL 18.240956
THB 34.842038
TJS 10.692144
TMT 3.51
TND 3.164478
TOP 2.342104
TRY 34.447038
TTD 6.810488
TWD 32.476804
TZS 2667.962638
UAH 41.429899
UGX 3681.191029
UYU 43.042056
UZS 12838.651558
VES 45.732111
VND 25390
VUV 118.722009
WST 2.791591
XAF 622.025509
XAG 0.033067
XAU 0.00039
XCD 2.70255
XDR 0.755583
XOF 622.025509
XPF 113.090892
YER 249.875037
ZAR 18.18901
ZMK 9001.203587
ZMW 27.537812
ZWL 321.999592
  • RBGPF

    61.8400

    61.84

    +100%

  • SCS

    -0.0400

    13.23

    -0.3%

  • AZN

    -1.8100

    63.23

    -2.86%

  • GSK

    -0.6509

    33.35

    -1.95%

  • NGG

    0.3800

    62.75

    +0.61%

  • RELX

    -1.5000

    44.45

    -3.37%

  • CMSC

    0.0200

    24.57

    +0.08%

  • BCC

    -0.2600

    140.09

    -0.19%

  • CMSD

    0.0822

    24.44

    +0.34%

  • BTI

    0.9000

    36.39

    +2.47%

  • RIO

    0.5500

    60.98

    +0.9%

  • BCE

    -0.0200

    26.82

    -0.07%

  • RYCEF

    0.0400

    6.82

    +0.59%

  • JRI

    0.0235

    13.1

    +0.18%

  • VOD

    0.0900

    8.77

    +1.03%

  • BP

    -0.0700

    28.98

    -0.24%

Japan PM calls snap election to 'create a new Japan'
Japan PM calls snap election to 'create a new Japan' / Photo: © AFP

Japan PM calls snap election to 'create a new Japan'

Japan's new Prime Minister Shigeru Ishiba dissolved parliament on Wednesday, saying that an election this month was a chance to "create a new Japan" by revitalising rural regions.

Text size:

Ishiba's Liberal Democratic Party (LDP) and its junior coalition partner are almost certain to be re-elected on October 27, with the premier banking on his honeymoon popularity and a fragmented opposition to secure a majority.

At a press conference, he said that beefing up spending on poorer regions hit by Japan's demographic crisis was not just a rehashing of old ideas.

"This is an attempt to create a new Japan that will drastically change the nature of Japanese society. In order to boldly carry out this major change, we need the confidence of the people," he said.

The LDP has governed Japan almost uninterrupted for decades, albeit with frequent leader changes.

But Ishiba, named prime minister just last week, wants to shore up his mandate to push through policies that include more spending on defence.

"As exemplified by China and Russia's airspace incursions and North Korea's repeated missile launches, Japan is facing the most severe, complex security environment since the end of World War II," he said.

Ishiba will now embark on his first foreign trip as leader to Laos for the ASEAN summit where he will hold talks on the sidelines, reportedly with China's premier among others.

"Tonight I will leave for the ASEAN leaders' summit, where I will build relationships with the leaders of ASEAN countries, China and India," he said, vowing to "lead efforts to further secure the stability and safety of the region".

- 'Momentum' -

Earlier Wednesday, the speaker of parliament read out a letter from Ishiba with the emperor's seal, formally dissolving parliament as lawmakers shouted the traditional rallying cry of "banzai".

The three-year government of Ishiba's predecessor Fumio Kishida suffered record-low approval ratings due to a slush fund scandal and voter discontent over rising prices.

Polls last week gave Ishiba's cabinet approval ratings of 45-50 percent, compared with 20-30 percent for the Kishida administration's final month.

Ishiba's backers hope the self-confessed defence "geek" and outspoken critic of the LDP establishment will boost the party's popularity, including by persuading disillusioned young people to vote.

By dissolving parliament now, the 67-year-old wants to put his party to the test before his "honeymoon" period ends, said Yu Uchiyama, a political science professor at the University of Tokyo.

"It makes sense that he wanted to call a snap election as soon as the 'face' of the party changed, while the momentum is still there," he told AFP.

Uchiyama added that Ishiba also wanted to catch opposition forces flat-footed, as the LDP's foes remain undecided about how to coordinate with each other in the election.

But the prime minister's decision to call an election this early was also criticised for contradicting his previous vows to prioritise facing the opposition in parliament.

Yoshihiko Noda, head of the opposition Constitutional Democratic Party (CDP), said Ishiba's "hastened" decision was to avoid being grilled over the funding scandal.

"This made me realise once again that even with the new prime minister, our politics will neither change nor be rectified," Noda told broadcaster NHK.

- Fresh promises -

Over the weekend, Ishiba announced that the LDP would not endorse some disgraced party members implicated in the scandal in the election.

The announcement reflected his desire to demonstrate to the public that he can be "strict", and aimed at "restoring public trust in him a bit", Uchiyama said.

To counter China, Ishiba has backed the creation of a regional military alliance along the lines of NATO, although he said on Monday it would "not happen overnight".

Analyst Yee Kuang Heng of the University of Tokyo's Graduate School of Public Policy told AFP the idea sounded like a "blast from the past" reminiscent of the defunct SEATO (Southeast Asia Treaty Organization).

Japan is also facing a demographic crisis as its population ages and the birth rate stays stubbornly low -- a situation Ishiba has called a "quiet emergency".

He says his government will promote measures to support families such as flexible working hours.

Ishiba has also pledged to "ensure Japan's economy emerges from deflation", and wants to boost incomes through a new stimulus package as well as support for local governments and low-income households.

S.Weaver--TFWP