Fifth time lucky: Former defence minister Shigeru ishiba is Japan’s new Prime Minister

Former defence minister Shigeru Ishiba will become Japan’s next prime minister after winning the ruling party’s leadership vote on Friday, the official count showed.
Ishiba won a closely fought contest in his fifth and final attempt to lead the ruling Liberal Democratic Party.
The 67-year-old train lover beat arch-nationalist Sanae Takaichi – who would have been the country’s first-ever woman leader – 215 votes to 194 in a run-off.
After his victory was announced at the Liberal Democratic Party (LDP) headquarters in Tokyo, Ishiba smiled and took off his glasses to wipe his teary eyes, and bowed repeatedly as his associates congratulated him.
“I will do my utmost to believe in the people, to speak the truth with courage and sincerity, and to make this country a safe and secure place where everyone can live with a smile on their face once again,” he said in a short speech.
Ishiba had come close to the top job before, including in 2012 when he lost to nationalist Shinzo Abe, Japan’s longest-serving leader who was later assassinated.
The conservative party has governed almost uninterrupted for decades and holds a majority, meaning Ishiba will be elected premier by Parliament on Tuesday.
 
Yen surges
As prime minister, he will need to face down regional security threats, from an increasingly assertive China and its deepening ties with Russia to North Korea’s banned missile tests.
Ishiba’s push to boost the military and call for the creation of an Asian NATO could rile Beijing, but he is careful with his words concerning China.
Following the result, Beijing’s foreign ministry spokesman said the country wants to improve ties with Japan, because “the long-term, sound and steady development of China-Japan relations serves the fundamental interests of the two peoples”.
At home, Ishiba will be tasked with breathing life into the economy, as the central bank moves away from decades of monetary easing that has slashed the value of the yen.
The Japanese currency surged after the result on Friday, firming to 142.94 against the dollar from 146.49 yen when the head-to-head between ishiba and Takaichi was announced.
Welcome news
Ishiba supports the Bank of Japan’s exit from its unorthodox monetary easing policies and his victory “will almost certainly be welcome news for policymakers” there, Capital Economics said.
He has also pledged to revitalise rural regions and proposes creating a government agency for disaster prevention.
In the first round of voting, a record nine candidates had been in the running after the LDP’s long-powerful factions disbanded earlier this year over a funding scandal.
Takaichi, the economic security minister, is a vocal nationalist popular with the LDP’s conservative wing. The 63-year-old was close to assassinated ex-premier Abe, whose supporters are still powerful.
In third place behind Ishiba and Takaichi was former environment minister Shinjiro Koizumi, a keen surfer whose father was prime minister in the 2000s.