Resignation of Prime Minister Abe Shinzo over worsening health will trigger a leadership race in the Liberal Democratic PartyJapanese Prime Minister Shinzo Abe. Picture: GETTY IMAGES/CARL COURTJapanese Prime Minister Abe Shinzo, the nation’s longest serving premier, is set to resign due to his worsening health, a source close to a ruling party official said on Friday, sparking a slide in Tokyo stock prices and a rise in the yen.
Abe’s resignation will trigger a leadership race in the party, the winner of which must be formally elected in parliament. Under fire for his handling of the novel coronavirus pandemic and scandals among party members, Abe has recently seen his support fall to one of the lowest levels of his almost eight years in office.
Abe kept his promises to strengthen Japan’s defences, boosting spending on the military after years of declines and expanding its capacity to project power abroad.
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Japanese PM Shinzo Abe resigns over worsening healthPrime Minister Shinzo Abe, Japan's longest-serving premier, announced his resignation because of poor health on Friday, ending a stint at the helm of the world's third-biggest economy in which he sought to revive growth and bolster its defences
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