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Fumio Kishida withdraws from LDP Presidential race; Japan Set to elect new Prime Minister

At 67, Kishida’s decision to forgo re-election comes amid a backdrop of persistently low approval ratings for his Cabinet, which have languished in the low 20% range. The Kishida administration has faced criticism, particularly related to allegations of violations of the Political Funds Control Law by LDP factions, which has fueled calls within the party for new leadership.

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Prime Minister Fumio Kishida cancels Central Asia visit to focus on domestic earthquake response

The Prime Minister's original itinerary had included visits to Kazakhstan, Uzbekistan, and Mongolia, where he was set to engage in crucial diplomatic discussions and participate in a high-level summit with leaders from five Central Asian countries. The trip, planned from Friday to Monday, was intended to strengthen Japan's diplomatic ties and economic cooperation with these nations. However, the recent seismic event has shifted Kishida's priorities toward ensuring Japan's preparedness and response in the wake of the natural disaster.

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Kishida stresses vigilance amidst market volatility; calls for collaborative approach with BOJ

Kishida reassured the public that the government is committed to closely monitoring market developments. “We will maintain a vigilant watch over the stock market and ensure that our financial policies are effectively implemented,” he affirmed. This proactive stance is intended to mitigate the impact of market fluctuations on the broader economy and prevent any potential adverse effects on economic stability.