On the afternoon of September 27, the first round of voting for the president of the Liberal Democratic Party of Japan began, and no candidate received a majority of the votes, and the second round of decisive voting was held between Sanae Takaichi who ranked first and Shigeru Ishiba, who ranked second. Shinjiro Koizumi, who was very popular before, and Taro Kono, who lost the last election, were both eliminated.
A total of nine candidates ran for the LDP presidential election in Japan, the highest since the LDP changed its electoral system in 1972.
In the early polls, Shinjiro Koizumi was more popular, Sanae Takaichi ranked third, and Shinjiro Koizumi also visited Taro Aso, an important figure in the Liberal Democratic Party, to seek support, but then the Japan media broke that Taro Aso not only did not choose to support Taro Kono, the candidate in his faction, but decided to support Sanae Takaichi, a right-wing MP who Shinzo Abe supported before his death.
After 3 p.m., the results of the second round of voting were announced, and Shigeru Ishiba won in a reversal to become the new president of the Liberal Democratic Party, and as long as there are no surprises, he will officially become the new prime minister of Japan in October.
The yen jumped sharply after the news of Ishibashi's victory, as Sanae Takaichi had expressed no support for the Bank of Japan's interest rate hike, and the yen began to depreciate rapidly after the news of her entering the second round of voting, and the Japan stock market soared. However, now Nikkei futures have fallen off a cliff.
NHK (Japan Broadcasting Association) analyzed that more lawmakers finally chose to vote for Shigeru Ishiba because they were worried that Sanae Takaichi's overly right-wing political attitude might affect Japan's foreign policy and the results of the upcoming House of Representatives election.
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