Japan’s newly minted prime minister steps into UN limelight

TOKYO — Considered something of a lightweight on foreign policy issues, Japan’s new prime minister has spent much of his career in the shadows, supporting previous leader Shinzo Abe with backroom bureaucratic maneuvers and in largely scripted, sometimes prickly dealings with the media. That will change Saturday morning (Friday afternoon at the United Nations) when […]

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Japan Ministry of Finance to seek $242 billion for debt servicing FY2021/22: draft

© Reuters. Illustration photo of a Japan Yen note TOKYO (Reuters) – Japan’s Ministry of Finance is set to seek about $242 billion in debt servicing for the fiscal year from next April 1, up for a third straight year on a budget-request basis, a ministry draft reviewed by Reuters showed. The budget request for […]

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Japan’s Suga holds 1st phone talks with Trump as leader

Japan’s Prime Minister Yoshihide Suga held his first talks with U.S. President Donald Trump since he took office, a diplomatic phone call that was one of his first as the country’s leader and one that highlights the close tie between the two allies By MARI YAMAGUCHI Associated Press September 21, 2020, 5:09 AM • 2 […]

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Japan econmin: Determined to prevent Japan from returning to deflation

© Reuters. Japan’s Minister in charge of economic revitalisation and measures for the novel coronavirus pandemic Yasutoshi Nishimura attends a news conference in Tokyo TOKYO (Reuters) – Japanese Economy Minister Yasutoshi Nishimura said on Friday that he was determined to prevent the nation from returning to deflation and that he would cooperate with the Bank […]

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Japan’s economy minister instructed by new PM to take steps without hesitation

© Reuters. Japan’s Minister in charge of economic revitalisation and measures for the novel coronavirus pandemic Yasutoshi Nishimura attends a news conference in Tokyo TOKYO (Reuters) – Japanese Economy Minister Yasutoshi Nishimura said on Thursday that new Prime Minister Yoshihide Suga had instructed him to take steps without hesitation to protect jobs, keep companies in […]

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Japan’s reappointed finmin Aso says will prod regional banks to pursue reforms

© Reuters. Japan’s newly-appointed Finance Minister Taro Aso speaks at a news conference in Tokyo TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Wednesday he will encourage regional banks to push through reforms to survive headwinds such as a dwindling population. “It’s becoming harder for regional banks to maintain the current business model […]

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Japan’s New Leader Picks His Team: The Same Old Men, and Fewer Women

TOKYO — Japan’s governing party resisted any urge to pick a magnetic crowd-pleaser when it anointed Yoshihide Suga as its leader this week. As Parliament officially elected him prime minister on Wednesday, he repaid its support. Mr. Suga, 71, put forward an everyone-old-is-new-again cabinet dominated by ministers who will continue in the jobs they held […]

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Yoshihide Suga elected Japan’s new PM, replacing Abe

TOKYO — Japan’s Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man. Suga, keeping his straight face, bowed deeply several times when the results were announced first in the lower house, the more powerful of the two parliamentary chambers where he has a seat, as his fellow ruling […]

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Suga wins party vote, to replace outgoing Abe as Japanese prime minister

TOKYO — Yoshihide Suga was elected as the new head of Japan’s ruling party on Monday, all but assuring that he will become the country’s new prime minister when a parliamentary election is held later in the week. Despite his low-key image, Suga, 71, has been a key figure in outgoing Prime Minister Shinzo Abe’s […]

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Yoshihide Suga, Right-Hand Man of Shinzo Abe, Is Set to Be Japan’s Prime Minister

TOKYO — Japan’s governing party on Monday anointed Yoshihide Suga, the current chief cabinet secretary, as its choice for the next prime minister, settling on what it saw as a safe pair of hands to grapple with the country’s many economic and strategic challenges. Two weeks after Prime Minister Shinzo Abe said he was stepping […]

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Factbox: Continuity and reforms: Japan PM hopeful Suga’s key policies

© Reuters. Posters of Japan’s Chief Cabinet Secretary Yoshihide Suga are seen before he officially kicks off his campaign rally for ruling Liberal Democratic Party’s (LDP) presidential election in Tokyo By Kiyoshi Takenaka TOKYO (Reuters) – Japanese Chief Cabinet Secretary Yoshihide Suga and two other candidates officially started their campaigns on Tuesday to succeed Prime […]

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Japan’s Suga signals ultra-easy monetary policy to continue

© Reuters. FILE PHOTO: Yoshihide Suga, Japan’s Chief Cabinet Secretary attends a news conference, in Tokyo By Leika Kihara and Yuka Obayashi TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga, a frontrunner to be the next prime minister, said he would like the central bank to continue its ultra-loose monetary policy as the economy […]

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Japan’s Suga says would like to see continuation of easing policies: Nikkei

© Reuters. FILE PHOTO: Yoshihide Suga, Japan’s Chief Cabinet Secretary attends a news conference, in Tokyo TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga said on Saturday that he highly approves of Bank of Japan Governor Haruhiko Kuroda and that he would like to see a continuation of easing policies, business daily reported. The […]

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Japan’s Suga signals focus on protecting jobs, rules out sales tax cut

TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga said on Saturday the new prime minister must continue to protect companies and jobs, mainly through pay-outs and loans, to cushion the economic blow from the coronavirus pandemic. Suga, a frontrunner to succeed Prime Minister Shinzo Abe in a leadership race later this month, repeated his […]

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Japan’s Suga signals readiness to compile 3rd extra budget to fight pandemic

© Reuters. Yoshihide Suga, Japan’s Chief Cabinet Secretary attends a news conference, in Tokyo TOKYO (Reuters) – Japans Chief Cabinet Secretary Yoshihide Suga on Thursday signaled readiness to compile a third extra budget to respond to the COVID-19 pandemic if he succeeds outgoing Prime Minister Shinzo Abe. “I will do what needs to be done […]

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Japan’s Suga signals readiness to prod BOJ to ease more

© Reuters. Yoshihide Suga, Japan’s Chief Cabinet Secretary attends a news conference, in Tokyo By Leika Kihara TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga on Wednesday voiced his readiness to have the central bank take additional monetary easing steps to protect jobs, if he were to become prime minister. He also said there […]

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Japan’s Suga: Won’t stop Abenomics reforms

2/2 © Reuters. Yoshihide Suga, Japan’s Chief Cabinet Secretary attends a news conference, in Tokyo 2/2 TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga on Wednesday said he would not stop the Abenomics reforms of outgoing premier Shinzo Abe. Suga, who is widely seen as the front-runner to succeed Abe, formally announced his candidacy […]

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Japan’s Suga says he will push forward ‘Abenomics’ policies if he becomes PM

© Reuters. Yoshihide Suga, Japan’s Chief Cabinet Secretary attends a news conference, in Tokyo TOKYO (Reuters) – Japan’s Chief Cabinet Secretary Yoshihide Suga said on Wednesday he would “maintain and push forward” the “Abenomics” stimulus policies pursued by Prime Minister Shinzo Abe if he were to become the next premier. In a news conference announcing […]

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Typhoon Maysak sweeps southern Japan, heads to South Korea

TOKYO  — A powerful typhoon blew over Japan’s southernmost islands on Tuesday and was headed toward the country’s main southern island and the Korean Peninsula. More than 20,000 homes were left without electricity, according to Okinawa Electric Power Co. As of noon, Typhoon Maysak had already traveled past the area around Okinawa, home to U.S. […]

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Japan’s Suga Favorite to Succeed Abe After Party Limits Vote

© Reuters. Japan’s Suga Favorite to Succeed Abe After Party Limits Vote (Bloomberg) — Japan’s ruling Liberal Democratic Party adopted a structure for a vote to replace outgoing Prime Minister Shinzo Abe that could help the premier’s right-hand man, Yoshihide Suga, take over. Party officials decided on a system Tuesday that would give more weight […]

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Ex-defence minister Ishiba is people’s choice for next Japan PM: polls

© Reuters. Japan’s ex-defence minister Shigeru Ishiba delivers a speech during a meeting on the LDP party leader election at the party’s headquarters in Tokyo TOKYO (Reuters) – Former Japanese Defence Minister Shigeru Ishiba is the most popular choice among the public to be the next prime minister, media opinion polls showed, as the race […]

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Japan’s PM candidate Kishida cautious about cutting sales tax

© Reuters. Fumio Kishida, Japan’s outgoing Foreign Minister and ruling Liberal Democratic Party’s new policy chief, arrives at prime minister Shinzo Abe’s official residence in Tokyo TOKYO (Reuters) – Fumio Kishida, a senior Japanese ruling party official seen as among candidates to become next prime minister, on Monday voiced caution over the idea of cutting […]

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The Legacy of Shinzo Abe, Japan’s Departing Prime Minister

Shinzo Abe, Japan’s longest-serving prime minister, announced on Friday that he would resign, ending a term in office in which he pursued — with mixed results — a conservative agenda of restoring the country’s economy, military and national pride. Mr. Abe, 65, the grandson of a prime minister, was initially elected to Parliament in 1993 […]

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Abenomics fails to deliver as Japan braces for Abe resignation

© Reuters. Japan’s Prime Minister Shinzo Abe wearing a protective face mask arrives at his official residence, amid the coronavirus disease (COVID-19) outbreak, in Tokyo By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe’s signature shock-and-awe ‘Abenomics’ stimulus strategy was already faltering even before Friday’s news that he will be […]

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Asian stocks at seven-month highs after Wall Street cracks more records

© Reuters. A man walks past an electric screen showing Japan’s Nikkei and Shanghai Stock Exchange markets’ indices outside a brokerage in Tokyo By Swati Pandey and Chibuike Oguh SYDNEY (Reuters) – Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus […]

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