The winner of the Liberal Democratic Party’s leadership election in September will also become the next prime minister. Japan’s governing Liberal Democratic Party (LDP) is set to elect its new leader and the country’s next prime minister in September. The party’s announcement on Tuesday came after Prime Minister Fumio Kishida’s sudden decision last week to … Read more
Tokyo CNN — Japanese Prime Minister Fumio Kishida will not run for a second term as leader of the long-ruling Liberal Democratic Party (LDP) next month following a series of political scandals that have fueled calls for him to resign. In a press conference on Wednesday, Kishida said it is necessary to present the LDP … Read more
Kishida will not seek re-election as the leader of the ruling LDP in party elections next month. Japanese Prime Minister Fumio Kishida has announced he will not seek re-election as the leader of the ruling Liberal Democratic Party (LDP) in next month’s party polls, in a decision that means the country will also have a … Read more
Japanese car giant says net profit reached 4.94 trillion yen ($31.9bn) in the year to March. Toyota has reported record profit and sales figures on the back of the weak yen and strong demand for hybrid vehicles. The Japanese car giant said on Wednesday that it netted a record profit of 4.94 trillion yen ($31.9bn) … Read more
Japanese carmakers have struggled to keep up with their Chinese rivals in the fast-growing EV market. Japan’s Nissan and Honda have agreed to study the possibility of a partnership focused on electric vehicles, as the carmakers struggle to challenge the dominance of Chinese manufacturers. Nissan and Honda’s potential partnership will focus on technology that helps … Read more
Nikkei 225 gains as much as 1 percent after last month beating 1989 record. Japan’s benchmark stock market index has smashed the 40,000 mark for the first time, continuing its comeback after decades of stagnation. The Nikkei 225 gained 1 percent to 40,308.85 during morning trading on Monday, as investors took an upbeat view of … Read more