Kishida will not run in the Party election next month

Japanese Prime Minister Kishida Fumio has announced his decision not to run in the ruling Liberal Democratic Party’s leadership election next month.

It means Japan will soon have a new prime minister. Kishida explained his decision in a news conference on Wednesday. Kishida said that his administration had promoted wage increases and investment to put an end to 30 years of deflation. The government also transformed its energy policy to deal with a significant increase in electricity demand.