Sputnik International By Mary Manley
At the end of 2023, Kishida had announced that he was stepping down as the leader of the Kochikai faction of the ruling LDP following a years-long ticket sales scandal. Five LDP factions were accused of allegedly underreporting income in political funds reports.
Japanese Prime Minister Fumio Kishida has announced his plans to step down as leader of Japan’s ruling Liberal Democratic Party (LDP). The move comes after Kishida’s sinking approval ratings which follow a corruption scandal surrounding the party, as well as rising living costs and a weakening yen, Sputnik reported.
In November, Kishida had reportedly taken drastic action to replace top members of his cabinet following voter anger in response to a fundraising proceeds scandal. Lawmakers in Japan’s ruling party had been accused of underreporting funds with over 100 million yen ($680,000) of fundraising proceeds failing to be officially reported on.
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