Japanese Prime Minister Shigeru Ishiba has decided to resign to prevent internal divisions within the ruling Liberal Democratic Party (LDP), according to a report by public broadcaster NHK on Sunday. The move follows the LDP-led coalition's loss of its upper house majority in July's parliamentary elections, a setback that heightened concerns about political stability.
Ishiba's resignation is seen as an effort to unify the party ahead of critical legislative challenges. Analysts suggest the LDP's weakened position could delay key economic reforms and impact Japan's regional diplomatic engagements. The leadership transition comes as Asia's second-largest economy navigates inflationary pressures and shifting global trade dynamics.
Political observers note that Ishiba's departure may trigger a broader reshuffle within the LDP, with potential implications for Japan's foreign policy priorities and cross-strait relations. The development is being closely monitored by business leaders and investors assessing Japan's near-term governance landscape.
