Quick Buzz Feed
Support for Fumio Kishida has fallen amid a huge corruption scandal that hit his party.
Japan's Prime Minister Fumio Kishida announced that he will not seek re-election as leader of the ruling Liberal Democratic Party (LDP). This decision comes as he believes the party requires a 'new start'.
The 67-year-old veteran is expected to step down as Prime Minister after the party elects a new leader in September 2024.
Kishida's support has waned significantly amid a corruption scandal affecting his party, with approval ratings dropping to 15.5%, the lowest for a PM in over a decade.
In a press conference, Kishida emphasized the need for change within the LDP, highlighting the importance of a transparent election process.
Doubts within the party persist regarding Kishida's ability to lead the LDP to victory in the 2025 general elections. The LDP has been in power almost continuously since 1955.
Analysts describe Japan as undergoing a 'once-in-a-generation' political crisis as the ruling party grapples with efforts to restore its image.
Recent events led to the resignation of multiple cabinet ministers, tied to a fundraising scandal involving the LDP's most influential faction. Ongoing investigations have raised public concern.
Compounded by political scandals, the Japanese economy faces difficulties, with soaring food prices impacting households, fueling public distrust in the ruling party.