Japan’s next prime minister, Shigeru Ishiba, is set to name party veterans to senior posts in his cabinet as he broadly pursues continuity in economic, monetary and foreign policy, and prepares for an expected early general election.
The new administration will officially launch on Tuesday after a vote in parliament to confirm the next national leader. The role of finance minister is set to go to Katsunobu Kato, a former top government spokesman, while Ishiba will name Takeshi Iwaya, a former defense minister, as his foreign minister, public broadcaster NHK and other Japanese media reported.
Ishiba has consistently been one of the most popular leadership candidates among the public. His distance from previous administrations gives him a cleaner image to project in an election. During his leadership campaign, the 67-year-old Ishiba expressed support for the BOJ’s policy normalization. In a television interview on Sunday he said it was important to keep monetary conditions accommodative, suggesting there was no rush to raise borrowing costs.
Ishiba has said his economic priorities are to defeat deflation and raise wages, while encouraging revitalization of Japan’s rural regions. Ishiba will be quickly thrust into foreign policy challenges after taking over as prime minister, including a sharp downturn in relations with China after the fatal stabbing death of a Japanese schoolboy in southern China earlier this month. Military tension is also high after a Chinese military aircraft made an unauthorized entry into Japanese airspace last month.
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