The 67-year-old former defence minister narrowly prevailed over hard-line nationalist Sanae Takaichi in an unpredictable race with a record nine candidates to lead the Liberal Democratic Party.
The 67-year-old former defence minister narrowly prevailed over hard-line nationalist Sanae Takaichi in an unpredictable race with a record nine candidates to lead the Liberal Democratic Party.
Japan has struggled with deflation for decades. Inflation has been a welcome development for them. With an aging population and low birth rates, they aren’t in danger of heading into hyper inflation.
Which is why the guy tha lost might have been a better option.
“I will ensure Japan emerges from deflation,” he said, promising to accelerate Kishida’s policies aimed at boosting household income through wage hikes."
I haven’t seen anything that suggests Ishiba is an inflation hawk. And as former defense minister, he’s going to accelerate Japan’s defense spending further and counter Chinese threat in the region. Which will boost economy.