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Japan's new ruling party leader to take office as PM
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IANS | 03 Oct, 2021
Fumio Kishida, the newly-elected leader of Japan's ruling Liberal
Democratic Party (LDP),will take office as the Prime Minister on Monday
and launch his new government, aiming to promote economic recovery while
keeping Covid-19 infections under control, local media reported on
Sunday.
With the LDP-led ruling coalition controlling both
chambers, the 64-year-old Kishida is almost guaranteed to be elected
Prime Minister at an extraordinary parliamentary session on Monday,
reports Xinhua news agency.
The new leader plans to dissolve the
House of Representatives on October 14, and consequently, a general
election is likely to be held on November 7, the local media reported
citing sources as saying.
Kishida has promised to increase
middle-class incomes and reduce wealth disparity under his "new form of
capitalism", which is viewed as a break from the "neoliberal policies"
that the Japanese government has pursued over the past two decades.
In
addition, he said that an economic package worth "tens of trillions of
yen" is in preparation to help people and businesses suffering from the
Covid-19 pandemic.
His predecessor Yoshihide Suga, who took
office last year, announced not to seek re-election last month amid the
public dissatisfaction with his response against the pandemic.
As
new Covid cases have declined recently, and nearly 60 per cent of
Japan's population have been fully vaccinated against the virus, Kishida
will need to handle tasks of gradually lifting the restrictions on
social and business activities and opening the border to foreign
travellers.
Kishida plans to finish the lineup of his cabinet on Sunday.
In
his prospective Cabinet, former education minister Hirokazu Matsuno,
59, is set to become chief Cabinet secretary, and former environment
minister Shunichi Suzuki, 68, is likely to replace his brother-in-law
Taro Aso as finance minister of the country, local media reported.
Kishida
also plans to create a new ministerial post for economic security with a
responsibility to craft a national strategy designed to end the drain
of intellectual property from Japan.
It is not known who will take up the post so far.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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