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In a statement delivered at a press conference in the Diet, Edano emphasized his motivation for running as a drive to move beyond entrenched political practices. “I decided to run because it is time to end the old politics and usher in a new era,” Edano declared. His remarks signal a clear intent to distance himself from previous administrations and establish a new direction for the CDPJ.
A stronger yen typically undermines exporter shares by reducing the value of overseas profits when converted back to yen. At market close, the yen was trading at approximately 145.74 per dollar, having peaked at 144.945 earlier in the day.
Speaking to reporters in Tokyo on Sunday, Ishiba, 67, confirmed that he is actively seeking endorsements from at least 20 LDP lawmakers, a prerequisite for running in the upcoming election. Ishiba, who has previously vied for the presidency on four occasions, is preparing to make a formal announcement in his hometown of Tottori once he finalizes the support required.
Among the standout performers are portable air conditioners, or spot coolers, which have seen a 26% rise in sales at Cainz hardware stores compared to last July. These compact units, which are favored for their ease of use and lack of installation requirements, are particularly popular in areas like kitchens and dressing rooms, which often lack fixed air conditioning systems. Additionally, Cainz has reported a 250% increase in sales of multifunctional umbrellas that double as parasols, with those marketed toward men experiencing a staggering 300% rise.
As Prime Minister Kishida’s term nears its conclusion on September 30, the upcoming election will be critical in shaping the future direction of the party. The electoral process will involve a total of 734 votes, split equally between Diet members and rank-and-file party members, with the possibility of a runoff if no candidate secures a majority in the initial round.
During the trading session, the Nikkei surged by over 2% before settling at its final figure. The broader Topix index also experienced gains, rising 1.1% to end the day at 2,670.54. The upward movement in the Nikkei was driven by domestic tech stocks tracking their U.S. counterparts higher, contributing to the overall positive performance of the benchmark index.
Kobayashi, 49, is expected to secure the necessary recommendations from at least 20 LDP lawmakers, bolstered by support from House of Representatives members backing his bid. Despite his relatively low profile, Kobayashi has been actively building a broad base of support by engaging early with various factions within the party. He is affiliated with the faction led by former Secretary General Toshihiro Nikai, though Nikai himself has announced plans to dissolve the faction, leaving Kobayashi without direct support from it.
Kishida’s visit follows a precedent set by former Prime Minister Yoshihide Suga, who traveled to the U.S. during the September 2021 LDP leadership election but did not attend the U.N. General Assembly. Instead, Suga participated in a Quad leaders’ meeting and held separate talks with Biden, delivering his speech via prerecorded video.
In her statement, Kamikawa emphasized her readiness to deliberate thoroughly and make a decision independently. "I am prepared to carefully consider my options and take appropriate action based on my conclusions," she asserted. Her remarks suggest that she is seriously contemplating a run for the party’s top position.
According to the Japan Meteorological Agency, Typhoon Ampil is projected to move northward on Friday, maintaining its intensity as it progresses toward eastern and northern parts of Japan. The decision to halt Shinkansen operations reflects the severe weather conditions anticipated, including high winds and heavy rainfall, which pose significant risks to rail infrastructure and passenger safety.
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