Yoshihide Suga is officially Japan’s new Prime Minister

Yoshihide Suga is officially Japan's new Prime Minister

The votes have finally been cast and Yoshihide Suga, Shinzo Abe’s right-hand man, is officially Japan’s new Prime Minister.

After being elected as the LDP’s new leader, Japan’s Parliament has decided that Yoshihide Suga is its new PM. The former Chief Cabinet Secretary has a very inspiring political career build leading him this priceless moment.

A farmer’s son and Yokohama’s former city councilor is now the leader of the world’s third-largest economy.

Diet vote on Yoshihide Suga

On Wednesday, Japan’s parliament, the Diet, counted “314 out of 465 votes in the lower house and 142 out of 240 votes in the upper chamber,” per CNN.

His win was wildly expected as the majority of the Diet are coming from the Liberal Democratic Party. LDP has had an uninterrupted ruling since 1955 and by the looks of it, that’s not about to change just yet.

The 71-year-old new PM secured the win despite trailing behind the favorability poll. Although his win wasn’t as surprising as others might think as he has been the “face of the Abe administration” in almost eight years of PM Shinzo’s leadership.

He worked closely in the implementation of “Abenomics”—PM Abe’s economic policies.

In fact, the Vice Dean of Hokkaido University who also teaches international politics, Kazuto Suzuki, has dubbed Suga as an “Abe substitute.”

Yoshihide Suga is set to name his cabinet line-up before being sworn in by Emperor Naruhito at the Imperial Palace in Tokyo.

Most of the expected names are Abe’s appointees, says CNN. 

Yoshihide Suga will tackle a lot of country’s woes

There are two important issues that Suga should tackle immediately after being sworn in, as BBC reports. This is the ongoing coronavirus that’s causing Japan’s economic slump.

Per WorldometerJapan has around 1,451 deaths as of this writing. The total number of  COVID-19 cases, on the other hand, is 75,958.

The second wave of coronavirus cases is, nonetheless, “brought under control.”

Although, this is still causing “major disruptions” to the country’s economy—locally and globally.

CNN notes that Japan experienced its “worst GDP fall” last August.  The third issue is dealing with the “rapidly aging society.”

Reports confirm that “nearly a third of the population” in Japan is “older than 65.”

Yuki Tatsumi, director of the Washington-based Stimson Center’s Japan programme, told BBC: 

“While his ability as Mr Abe’s right hand man and his Chief Cabinet Secretary has been amply proven, his ability to lead the country as the top leader is largely untested, particularly in the area of foreign policy. How Suga can transition from supporting to the main actor will determine how well the leadership transition can be managed.”

Suga assures to carry on Abe’s legacy, including the former PM’s agenda centering the Abenomics.

Featured image courtesy of CNA/YouTube Screenshot

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.