Japan: Suga Quits as Premier, Throwing Open Succession Race

Source: Bloomberg

“Japanese Prime Minister Yoshihide Suga announced plans to resign after failing to control the country’s coronavirus surge, leaving the ruling party scrambling to find a new leader weeks before a general election. Suga told reporters Friday that he couldn’t campaign for re-election as leader of the Liberal Democratic Party this month while battling the virus, ending his premiership almost exactly a year after it started. Whoever becomes the next LDP leader is virtually assured of becoming prime minister due to the party’s dominance in parliament.” (09/03/21)