Japanese PM Shigeru Ishiba Denies Resignation Rumors Amid Political Challenges
Japanese Prime Minister Shigeru Ishiba refuted rumors about his resignation following a setback in the upper house election. With crucial trade talks with the U.S. in progress, he delayed any immediate decision. A political shake-up looms as potential successors prepare amidst a surge from new political factions.
Japanese Prime Minister Shigeru Ishiba dismissed rumors on Wednesday that he plans to resign after suffering a significant defeat in the upper house elections. The 68-year-old leader labeled media reports suggesting his impending resignation as 'completely unfounded.'
Ishiba opted against resigning immediately after the elections, aiming to maintain political stability with an August 1 deadline looming for a critical trade agreement with the United States. Recently, Ishiba and President Trump revealed a trade deal aimed at reducing tariffs on Japanese auto imports while sparing Japan from new levies on other products.
Should he ultimately step down, Ishiba's departure would set the stage for a leadership contest within the ruling Liberal Democratic Party, which faces competition from emerging political groups like the 'Japanese First' Sanseito party. This far-right faction gained traction in recent elections, challenging the ruling party with pledges to reduce immigration and taxes.
(With inputs from agencies.)
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