🗳️ Japan’s ruling Liberal Democratic Party (LDP) and the main opposition Constitutional Democratic Party of Japan (CDP) shook hands on Friday over a key date: October 21. That’s when lawmakers will vote in the Diet to choose Shigeru Ishiba’s successor.
The parliamentary vote kicks off alongside an extraordinary Diet session that runs 58 days, ending December 17. It’s a marathon of debates, bills, and political showdowns—so mark your calendar! 🗓️
Last week, Sanae Takaichi clinched the LDP presidential election, setting her sights on the country’s top job. But even as party leader, she still needs the Diet’s stamp of approval to become prime minister.
Here’s the playbook: both the upper and lower houses cast ballots. If they disagree, the lower house’s pick wins. A first-round majority seals the deal. If no one gets over 50%, a runoff between the top two contenders decides the winner. Intense, right? 🎯
According to Jiji Press, should Takaichi rise to the premiership, she’ll dive straight into tackling rising prices and other economic challenges. A supplementary budget bill is expected to hit the Diet for early December review—just in time for year-end planning. 💰📈
For news enthusiasts and market watchers, keep an eye on October 21. This vote doesn’t just shape Japan’s political landscape—it could influence global markets and economic strategies into 2024 and beyond. 🌏✨
Stay tuned for updates as Japan chooses its next leader! 🇯🇵
Reference(s):
Japan's ruling, opposition parties agree to pick new PM on October 21
cgtn.com
