Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Japan’s new PM calls Oct. 31 election, vows to fight pandemic
    Top Stories

    Japan’s new PM calls Oct. 31 election, vows to fight pandemic

    Japan’s new PM calls Oct. 31 election, vows to fight pandemic

    Published by Jessica Weisman-Pitts

    Posted on October 4, 2021

    Featured image for article about Top Stories

    By Elaine Lies and Ju-min Park

    TOKYO (Reuters) -Japan’s new prime minister, Fumio Kishida, on Monday called a parliamentary election for Oct. 31 and vowed to bolster the country’s response to the coronavirus pandemic, shortly after being formally confirmed by lawmakers in the top job.

    Kishida, a 64-year-old former foreign minister with an image as a consensus builder, earlier unveiled a cabinet line-up dominated by allies of former prime minister Shinzo Abe and ex-finance minister Taro Aso.

    While Kishida may enjoy a honeymoon period usually afforded new governments by the electorate, political analysts said he probably didn’t want to lose time, given risks posed by the pandemic, and that he first needed to rally his Liberal Democratic Party (LDP) for the forthcoming election.

    His decision to call an election came as a surprise, even though one has to take place by Nov.28, as the term of this parliament was due to expire on Oct. 21. Parliament will now be dissolved on Oct. 14.

    Kishida said he would consider COVID-19 relief payouts, adding he had also instructed ministers overseeing the pandemic response to come up with policies on vaccinations, to strengthen the medical system and to expand testing to help reopen the economy.

    “Many people are worried that even though the situation has now improved, the number of infections could rise again and, if there is a rebound, whether the hospitals would be able to handle it,” he told reporters.

    New coronavirus cases in Tokyo on Monday totalled 87, the lowest since Nov. 2 last year.

    Kishida’s predecessor Yoshihide Suga enjoyed support ratings of about 70% soon after taking office a year ago, but was came under heavy fire over his handling of the pandemic. Following Suga’s decision to make way for a new face, Kishida beat three contenders https://www.reuters.com/world/asia-pacific/japans-ruling-party-votes-new-leader-who-will-almost-certainly-be-next-pm-2021-09-28 for the LDP leadership last week, paving the way for parliament to formally elect him premier on Monday.

    ABE’S SHADOW

    Kishida’s cabinet features allies of Abe, Japan’s longest-serving premier, who quit last year citing ill health as his dream of another term faded.

    Of the 20 posts, 13 were filled by people with no prior cabinet experience, in line with Kishida’s pledge to promote fresh faces, but many heavyweight jobs went to allies of Abe or of outgoing finance minister Aso.

    “He won the election with the support of Abe and Aso, so now it’s time for him to return the favour, it’s not the time for him to cut them off,” said political analyst Atsuo Ito.

    One of those closest to Abe, former economy minister Akira Amari, became the ruling party’s powerful secretary-general.

    Amari, who has promised a big extra budget after the election, told reporters on Monday it would need to include steps to ameliorate social divisions and COVID-19.

    “So we need to empathise with the people and share their pain, and our leader needs to show the path to unite society and to make it one again,” Amari said.

    Aso’s replacement at the finance ministry is his low-profile brother-in-law, Shunichi Suzuki, who is viewed as likely to continue the government’s policy of tempering growth spending with fiscal reform.

    The trade and industry portfolio was given to another ally of Abe, current education minister Koichi Hagiuda.

    Defence Minister Nobuo Kishi, who is Abe’s brother, retained his position, as did Foreign Minister Toshimitsu Motegi, reflecting Kishida’s intention to continue Abe and Suga’s push to boost the nation’s defences and strengthen security ties with the United States and other partners including the QUAD grouping – which includes India and Australia as well as Japan and the United States – while preserving trade ties with China.

    Kishida also created a new post of economy security minister and filled it with a close ally of Amari, the architect of policies aimed at protecting sensitive technology from China in areas such as supply chains and cyber security.

    There are three women in the line-up, one more than Suga had, but none of them hold a heavyweight portfolio.

    (Reporting by Antoni Slodkowski, Kiyoshi Takenaka, Ju-min Park, Elaine Lies, Sakura Murakami, Chang-ran Kim and Ritsuko Ando; Editing by Clarence Fernandez, Simon Cameron-Moore and Gareth Jones)

     

    By Elaine Lies and Ju-min Park

    TOKYO (Reuters) -Japan’s new prime minister, Fumio Kishida, on Monday called a parliamentary election for Oct. 31 and vowed to bolster the country’s response to the coronavirus pandemic, shortly after being formally confirmed by lawmakers in the top job.

    Kishida, a 64-year-old former foreign minister with an image as a consensus builder, earlier unveiled a cabinet line-up dominated by allies of former prime minister Shinzo Abe and ex-finance minister Taro Aso.

    While Kishida may enjoy a honeymoon period usually afforded new governments by the electorate, political analysts said he probably didn’t want to lose time, given risks posed by the pandemic, and that he first needed to rally his Liberal Democratic Party (LDP) for the forthcoming election.

    His decision to call an election came as a surprise, even though one has to take place by Nov.28, as the term of this parliament was due to expire on Oct. 21. Parliament will now be dissolved on Oct. 14.

    Kishida said he would consider COVID-19 relief payouts, adding he had also instructed ministers overseeing the pandemic response to come up with policies on vaccinations, to strengthen the medical system and to expand testing to help reopen the economy.

    “Many people are worried that even though the situation has now improved, the number of infections could rise again and, if there is a rebound, whether the hospitals would be able to handle it,” he told reporters.

    New coronavirus cases in Tokyo on Monday totalled 87, the lowest since Nov. 2 last year.

    Kishida’s predecessor Yoshihide Suga enjoyed support ratings of about 70% soon after taking office a year ago, but was came under heavy fire over his handling of the pandemic. Following Suga’s decision to make way for a new face, Kishida beat three contenders https://www.reuters.com/world/asia-pacific/japans-ruling-party-votes-new-leader-who-will-almost-certainly-be-next-pm-2021-09-28 for the LDP leadership last week, paving the way for parliament to formally elect him premier on Monday.

    ABE’S SHADOW

    Kishida’s cabinet features allies of Abe, Japan’s longest-serving premier, who quit last year citing ill health as his dream of another term faded.

    Of the 20 posts, 13 were filled by people with no prior cabinet experience, in line with Kishida’s pledge to promote fresh faces, but many heavyweight jobs went to allies of Abe or of outgoing finance minister Aso.

    “He won the election with the support of Abe and Aso, so now it’s time for him to return the favour, it’s not the time for him to cut them off,” said political analyst Atsuo Ito.

    One of those closest to Abe, former economy minister Akira Amari, became the ruling party’s powerful secretary-general.

    Amari, who has promised a big extra budget after the election, told reporters on Monday it would need to include steps to ameliorate social divisions and COVID-19.

    “So we need to empathise with the people and share their pain, and our leader needs to show the path to unite society and to make it one again,” Amari said.

    Aso’s replacement at the finance ministry is his low-profile brother-in-law, Shunichi Suzuki, who is viewed as likely to continue the government’s policy of tempering growth spending with fiscal reform.

    The trade and industry portfolio was given to another ally of Abe, current education minister Koichi Hagiuda.

    Defence Minister Nobuo Kishi, who is Abe’s brother, retained his position, as did Foreign Minister Toshimitsu Motegi, reflecting Kishida’s intention to continue Abe and Suga’s push to boost the nation’s defences and strengthen security ties with the United States and other partners including the QUAD grouping – which includes India and Australia as well as Japan and the United States – while preserving trade ties with China.

    Kishida also created a new post of economy security minister and filled it with a close ally of Amari, the architect of policies aimed at protecting sensitive technology from China in areas such as supply chains and cyber security.

    There are three women in the line-up, one more than Suga had, but none of them hold a heavyweight portfolio.

    (Reporting by Antoni Slodkowski, Kiyoshi Takenaka, Ju-min Park, Elaine Lies, Sakura Murakami, Chang-ran Kim and Ritsuko Ando; Editing by Clarence Fernandez, Simon Cameron-Moore and Gareth Jones)

     

    Related Posts
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Top Stories PostFacebook, Instagram, WhatsApp hit by global outage
    Next Top Stories PostMcDonald’s targets net zero emissions by 2050, from meat to energy

    More from Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts