Japan’s New PM Ishiba Unveils Cabinet Ahead of Snap Election

Japan's new Prime Minister Shigeru Ishiba arrives at the prime minister's office in Tokyo on October 1, 2024. (AFP)
Japan's new Prime Minister Shigeru Ishiba arrives at the prime minister's office in Tokyo on October 1, 2024. (AFP)
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Japan’s New PM Ishiba Unveils Cabinet Ahead of Snap Election

Japan's new Prime Minister Shigeru Ishiba arrives at the prime minister's office in Tokyo on October 1, 2024. (AFP)
Japan's new Prime Minister Shigeru Ishiba arrives at the prime minister's office in Tokyo on October 1, 2024. (AFP)

Japan's new Prime Minister Shigeru Ishiba on Tuesday unveiled his cabinet as he seeks to heal party divisions and secure a national mandate with an Oct. 27 snap election.

The 67-year-old former defense minister, who last week won a close-fought contest to lead the ruling Liberal Democratic Party (LDP), was confirmed earlier in the day as prime minister by parliament.

He is scheduled to hold his first press conference later in the day in Tokyo.

The Ishiba administration's approach to diplomacy with Japan's closest ally, the United States, will be in focus, as he has repeatedly called for a more balanced relationship with Washington.

He has also proposed creating an Asian version of the collective security group NATO to deter China, an idea that could draw ire from Beijing and has already been dismissed by a senior US official as hasty.

Ishiba must quell simmering anger over rising living costs and his scandal-plagued party, and navigate a volatile security environment in East Asia fueled by an increasingly assertive China and nuclear-armed North Korea.

The veteran lawmaker, seen as somewhat of a party outsider who failed at four previous leadership bids, has named a mixture of rivals and allies to cabinet posts.

It includes two leadership rivals in key positions, Katsunobu Kato as finance minister and Yoshimasa Hayashi to stay on as chief cabinet secretary, a post that includes the role of top government spokesman, the government announced.

Kato's appointment to the finance ministry will be closely watched given he served in key positions in former premier Shinzo Abe's administration, which pursued expansionary fiscal and monetary policies.

The Nikkei stock index fell nearly 5% on Monday in reaction to a surging yen following Ishiba's win over Sanae Takaichi, a monetary dove and fiscal expansionist, in Friday's leadership contest. The index recovered ground on Tuesday.

A close Ishiba ally, Takeshi Iwaya, a former defense chief, will take over as foreign minister, while Gen Nakatani will return to the defense ministry, a position he held in 2016. Yoji Muto, a former junior minister, will take charge at the economy, trade and industry ministry.

In his victory speech on Friday, he spoke about the need to beef up Japan's security after recent territorial incursions by Chinese and Russian military vessels.

OUTSIDE THE TENT

Five of the lawmakers who contested the leadership race with him have not been included in his government nor given key party jobs.

Among them is Takaichi, a hardline conservative he beat by 215 votes to 194 on Friday in the closest leadership election in almost seven decades. Local media reported she had declined a senior party post.

That could make it difficult for Ishiba, a perennial favorite in public opinion polls, to manage a fractious ruling group roiled by scandals including unrecorded donations at fundraising parties.

Yoshihiko Noda, the leader of the largest opposition party the Constitutional Democratic party of Japan, said it planned to attack the LDP over its scandals in the upcoming election.

"We cannot establish proper governance through a pseudo-regime change," Noda said on public broadcaster NHK.

But despite its troubles, the party which has ruled Japan for most of the post-war era remains likely to hold on to power in the upcoming election given Japan's weak opposition.

A third of respondents to a weekend poll by the Mainichi newspaper said they supported the LDP, versus 15% for the main opposition Constitutional Democratic Party of Japan.

More than half of the respondents, including those who supported opposition parties, said they were optimistic about Ishiba's appointment.



Trump Says He Might Demand Panama Hand over Canal

This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)
This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)
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Trump Says He Might Demand Panama Hand over Canal

This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)
This handout picture released by the Panama Canal Authority on August 30, 2024, shows the container ship MSC Marie, of 366 meters long and 51 meters wide, transiting the Panama Canal in Panama. (Handout / Panama Canal Authority / AFP)

President-elect Donald Trump on Saturday accused Panama of charging excessive rates for use of the Panama Canal and said that if Panama did not manage the canal in an acceptable fashion, he would demand the US ally hand it over.

In an evening post on Truth Social, Trump also warned he would not let the canal fall into the "wrong hands," and he seemed to warn of potential Chinese influence on the passage, writing the canal should not be managed by China.

The post was an exceedingly rare example of a US leader saying he could push a sovereign country to hand over territory. It also underlines an expected shift in US diplomacy under Trump, who has not historically shied away from threatening allies and using bellicose rhetoric when dealing with counterparts.

The United States largely built the canal and administrated territory surrounding the passage for decades. But the US government fully handed control of the canal to Panama in 1999 after a period of joint administration.

"The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the US," Trump wrote in his Truth Social post.

"It was not given for the benefit of others, but merely as a token of cooperation with us and Panama. If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to us, in full, and without question."

The Panamanian embassy in Washington did not immediately respond to a request for comment.