TOKYO – Japan’s prime minister Shigeru Ishiba yesterday said he will step down after less than a year in power, during which he lost his majority in both houses of parliament.
The announcement means fresh uncertainty for the world’s fourth-largest economy as it battles rising food prices and deals with the fallout of US tariffs on its vital auto sector.
“Now that negotiations on US tariff measures have reached a conclusion, I believe this is the appropriate moment,” Ishiba told a news conference.
“I have decided to step aside and make way for the next generation,” he said.
US president Donald Trump signed an order on Thursday to lower tariffs on Japanese autos, with Washington finally moving to implement a trade pact negotiated with Tokyo in July.
However, although Japanese autos will now face a 15% tariff instead of the current 27.5%, the levy will still cause significant pain in the crucial industry.
The decision comes less than a year after the 68-year-old, seen as a safe pair of hands, took the helm of the long-dominant Liberal Democratic Party (LDP).
He won the party leadership in September 2024 to become the LDP’s 10th separate prime minister since 2000, all of them men.
Media reports said earlier Ishiba wanted to avoid a split in the party and that he was unable to withstand the mounting calls for his resignation.
The farm minister and a former prime minister reportedly met Ishiba on Saturday night to urge him to resign voluntarily.
Four senior LDP officials, including the party’s number two Hiroshi Moriyama, offered to resign last week. Opponents of Ishiba had been calling for him to step down to take responsibility for the election results, following the upper chamber vote in July.
Those backing the move included Taro Aso, the influential 84-year-old former prime minister, according to Japanese media.
Ishiba’s term as party leader was supposed to end in September 2027.
His most prominent rival Sanae Takaichi, who is seen as a hardline nationalist, all but said she would seek a contest.
– Nampa/AFP