Japan: Suga to announce candidacy for PM at ruling party's press conference

Japan's Chief Cabinet Secretary Yoshihide Suga is expected to hold a news conference at 5 p.m. (0800 GMT) in relation to ruling party's leership election on September 2. He is expected to anunce his candidacy for Prime Minister position. According to an ncy report, a former longtime aide to Prime Minister Shinzo Abe, Suga h discreetly wanted to opt for leership role for ruling Liberal Democratic Party (LDP). As party’s leer, he will most certainly be designated a premier due to majority in lower house of parliament. Elections in Japan are expected later this month after PM Shinzo Abe anunced resignation last week, citing ill health. 

party top contenders are former defense minister, Shigeru Ishiba, and ex-foreign minister Fumio Kishida, according to news reports. However, 71-year-old Suga’s positions seem strong as he has garnered largest faction of ruling  Liberal Democratic Party (LDP). So far, Suga has secured five of LDP's seven factions and LDP has decided to contest elections with limited procedures, that include only members of parliament and unto three votes from each of 47 prefectures. On September 2, ruling party decided scheduled date for elections as September 14, which, y are expected to anunce officially later at news conference. Meanwhile, Suga’s reflationary "Abemics" strategy aimed at reviving ecomy in shackles due to COVID-19 pandemic has won him popular support of financial markets.

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Opinion polls anunced Suga as 'virtual le'

In a state-run televised dress, former defense minister and rival of Suga, opposing his potential rival’s strategies said that while Abemics rose stocks, yen was weak and wrought unprecedented profits to companies – that’s something to be grateful for. He ded, however, re’s a dark side that comes with it in post-Abe era. Meanwhile, citing inheriting of a torn ecomy with worst downturn since WWII from Shinzo Abe, Suga said at press conference that in view of recent criticism of Abe’s ministration amid pandemic, he promises to work on each issue, listening to voices of people earnestly so as t to lose public trust. opinion polls have virtually anunced Suga to le LDP as party’s policy chief reportedly said that re was an urgent need to work on poverty and social disparity in challenging times of pandemic. Or contenders for leership role are Chief Cabinet Secretary Yoshihide Suga, Current Foreign Minister Toshimitsu Motegi, and Defense Minister Taro Ko, as per state media reports. 

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