05:58:00 14-08-2024
Japan’s PM Kishida:. Won't run for re-election as LDP leader
Speaking at a press conference on Wednesday, Japanese Prime Minister (PM) Fumio Kishida said that he “won't run for re-election as Liberal Democratic Party (LDP) leader.
Additional quotes
Important to show new face of LDP in the leadership race.
First step to do so is for me to step down.
Will fully support new leader.
Made this decision considering what's best for public.
Have no hesitation in taking responsibility as head of LDP for issues caused by members.
Not appropriate for me as leader who is stepping down to comment on successor.
Market reaction
USD/JPY was last seen trading at 146.40, down 0.26% on the day.