Japan’s Leader, Fumio Kishida, Will Step Down
New York TimesAUG 2024
Japan: PM Fumio Kishida to Resign in September
Above: Japanese Prime Minister Fumio Kishida speaks at a news conference on Aug. 14, 2024 in Tokyo. Image copyright: Philip Fong/Pool/Getty Images News via Getty Images
The Spin
Narrative A
Kishida had been a dead man walking for quite some time. Slush fund scandals, a sliding yen, rising living costs, the LDP's ties to the scandal-hit Unification Church, unexpected recession, and ballooning debt levels have all fueled mistrust in his leadership. The LDP may deflect rising criticism to maintain its grip on power, but regardless of who its leader is, the party's nature will remain the same — the public must not fall for it.
Narrative B
Kishida's decision is regrettable. He pushed through Japan's biggest wage increases in decades, led Japan out of COVID with massive stimulus spending, revised a law to establish a support fund for children to fix the country's low birth rate, and propelled the Nikkei stock average to reach its highest level in nearly 34 years. Despite his departure, his three-year achievements — a testament to his dedication and service to the nation — will remain.
Narrative C
With unfavorable circumstances around him, Kishida probably had no choice but to step down and resurrect the party as well as the world's fourth-largest economy. However, the issues that troubled him haven't gone away with him. It will be very difficult to revive support for the LDP, and even if the LDP wins the next general election, the new prime minister may be hard-pressed to meet the nation's concerns without alienating a disgruntled electorate.
Narrative D
In a moment of pronounced geopolitical uncertainty, Kishida's resignation could have significant implications for Japan's security and defense strategies. His leadership saw Tokyo embark on its most significant military buildup since WWII, deterring China from its aggressive territorial ambitions. He also mended ties with South Korea and built a network of security alliances across the Indo-Pacific region. It remains to be seen whether the new administration will continue this trend.