Japan: the election going under the radar
Declining real wages and political scandals eroded Japanese Prime Minister Fumio Kishida’s approval rating, leading to his decision not to run for re-election as President of the Liberal Democratic Party (LDP). The party leadership election on 27 September therefore guarantees a new Japanese Prime Minister and will also likely see a snap general election called before the end of the year. In this Macro Flash Note, Economist Sam Jochim assesses the recent developments and their implications.
