Whoever is chosen must quell anger at home over rising living cost and a volatile security situation
TOKYO – A leadership contest in Japan 's ruling party to determine who will take over as prime minister headed to a run-off on Friday, putting a candidate seeking to become Japan 's first female premier against a veteran making his fifth leadership bid.
Whoever is chosen must quell anger at home over rising living costs and navigate a volatile security environment in East Asia fuelled by an increasingly assertive China and nuclear-armed North Korea. Ishiba has courted controversy with his peers for going against the grain and challenging previous leaders, and has failed in four previous leadership bids. He has said he will not run again after this contest.
She has been a vocal critic of the Bank of Japan's efforts to raise interest rates further away from historic lows, and her election could spur a yen sell-off, market strategists say.
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