Japanese Prime Minister Fumio Kishida said he will step down in September, ending a three-year term marred by political scandals and paving the way for a new premier to address the impact of rising prices.
“Politics cannot function without public trust,” Kishida said in a press conference on Wednesday to announce his decision not to seek re-election as the Liberal Democratic Party (LDP) leader.
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“I will now focus on supporting the newly elected LDP leader as a rank-and-file member of the party,” he said.
His decision to quit triggers a contest to replace him as president of the party, and by extension as the leader of the world’s fourth-biggest economy.
Kishida’s public support has been sliding amid revelations about the LDP’s ties to the controversial Unification Church and political donations made at party fundraising events that went unrecorded.
“An LDP incumbent prime minister cannot run in the presidential race unless he’s assured of a victory. It’s like the grand champion yokozunas of sumo. You don’t just win, but you need to win with grace,” said Koichi Nakano, political science professor at Sophia University.
