Japanese PM wins 3rd consecutive term as ruling party president

Image
IANS Tokyo
Last Updated : Sep 20 2018 | 11:30 AM IST

Japanese Prime Minister Shinzo Abe won the ruling Liberal Democratic Partys (LDP) leadership election on Thursday, securing a historic third term that will effectively extend his time in power by another three years.

Abe comfortably beat his only contender, former Defence Minister Shigeru Ishiba, by securing 553 out of a total 807 votes, reports The Japan Times.

He won 329 out of the 402 valid ballots cast by LDP MPs and 224 out of the remaining 405 votes allocated to party branches in each prefecture based on the number of members age 18 or older who have paid party fees.

His extended term in office signals the possibility that Abe, who has already been at the helm of the world's third-largest economy for nearly six years in his second stint as Prime Minister, may become the longest-serving premier in Japanese history.

With his renewed leadership, Abe is likely to reshuffle his Cabinet in the coming weeks, reportedly as soon as early October.

Abe has credited himself with "restoring a decent economy" under his Abenomics policy and taking the Japan-US alliance to a stronger level.

He also repeated that it's the "responsibility of the LDP" to revise the war-renouncing Article 9 of the Constitution to formalise the ambiguous status of the Self-Defense Forces - the nation's de facto military - which he said "protects the peace and independence of Japan".

--IANS

ksk

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 20 2018 | 11:24 AM IST

Next Story