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Showing posts from September, 2021

Political changes raised hopes for new policies to contain COVID-19 and propel economic rebounds

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Japanese PM resigns at the end of September with the state of emergency to be extended Japanese Prime Minister Yoshihide Suga revealed his intention to resign as ruling Liberal Democratic Party support erodes and public criticism over his response to the COVID-19 pandemic mounts diminishing his chances of winning a second term.  Prime Minister Suga announced on September 3 that he would not run for the LDP presidential election scheduled at the end of September. In the Liberal Democratic Party, which is in charge of the current Japanese administration, it is customary for the prime minister to be the president of the party, so the fact that Prime Minister Suga does not run for the presidential election means he will resign at the end of September.  Suga explained the reason for his decision not to run for the election was to devote himself to the containing measures against the new coronavirus. At present there is no prospect seen to eradicate the pandemic any time soon in J...