Yoshihide Suga leaves six major challenges for Japan’s next prime minister

Japan update

this Resign On Friday, the exhausted and unattractive Prime Minister Yoshihide Suga stopped Japan in a familiar place. In the past 20 years, the top position has now changed hands 11 times, and the new leadership race within the ruling Liberal Democratic Party (LDP) has brought standard risks—its choice—good or bad (but almost certainly It is male and advanced years)-may be solved in a year or so. The opportunity for the new leaders to avoid this humiliation and lead Japan into a more sure post-Abenomics era will depend on how they deal with a series of daunting challenges. Here, numerically speaking, there are six.

47.2%

This is the percentage received by Japanese adults Two doses of vaccine -This ratio puts the world’s third largest economy slightly behind the United States (52.6%) and slightly ahead of El Salvador (44.6%). Although Japan’s vaccine program has sharply accelerated to about 1 million doses per day, its late start-up and initially confusing management were at the core of Suga’s downfall. Although Japan’s death toll due to the pandemic is still relatively low, Yoshihide Suga has never convinced voters that everything is under control. He should have known long ago that this is exactly the kind of peace of mind and paternalism that a country like Japan is expecting from the fastest aging rate in the world. His successor must now politely but unambiguously rebuild trust with the public.

350

This is the estimated (and still increasing) number of combat ships of the People’s Republic of China Navy ChinaThis figure has made it the world’s largest maritime military force, and its growing threat to regional security has been identified as Japan’s highest defense priority under the leadership of Yoshihide Suga. As Japan’s vulnerability becomes more apparent, the influence of this growing fleet, as well as China’s growing cyber warfare capabilities, will put continuous pressure on the diplomatic and domestic political skills of Japan’s new leaders.

58

Number of medals won by Japan No audience Tokyo Olympics, 27 of them are gold -The country continues to achieve impressive overall results in the Paralympics. Despite such great success in sports, part of the reason Yoshihide Suga left was because, as a person who had never thought of smiling at any of them, he was unable to turn this victory into political wealth. He is grumpy, the country is grumpy, and the next Japanese prime minister must accept the fact that the bread and circus work is different from before Covid. Suga’s successor will not evade why the Liberal Democratic Party decided to take the national health risk to participate in events estimated to be worth 25 billion US dollars, and the short-term glory of these events has faded.

400

This is the number of sharp responses reported by the Cabinet Secretariat working group when Japanese bureaucrats were asked to justify the government’s continued reliance on fax machines. Despite his short reign, Suga push With the enthusiasm of Silicon Valley unicorns for creating Japan’s first digital agency, a government department was authorized to disrupt past practices through bold 21st century technologies such as email. The enthusiastic defense of faxes, no matter how reasonable the arguments, hint at how much political capital is needed to maintain any momentum in this area. The organization began operations on September 1 and only operated for two days before its chief architect stepped down.

55.5%

This is the proportion of companies in the Nikkei 225 Index that have at least one activist shareholder on their register, and this proportion is rapidly approaching the level of the US Standard & Poor’s 500 Index. For Japan, reaching this ratio in just a few years seems completely unreliable.But the Empower shareholders Opposing the stubbornness of Japanese companies is the legacy of Yoshihide Suga who insisted on arming investors with Japan’s first management and corporate governance guidelines in 2015. When Yoshihide Suga left, the Topix Index hit a 30-year high, and domestic and foreign investors are paying close attention to whether the successor will support or disrupt the extraordinary market changes in the past few years.

0

Or more accurately Commitment to achieve “net zero” carbon emissions by 2050. This may be the biggest surprise that Yoshihide Suga has seen during his tenure. There is no doubt that this will be the person who will have the longest impact after his departure, even if these shocks are in the form of a fierce and compromised conflict between the next prime minister and the vested interests of Japanese companies. Yoshihide Suga’s apparent enthusiasm for the cause led him to aim to reduce emissions by 46% by 2030 from 2013 levels. It is always ambitious, but well thought out: it cannot be assumed that its successor will quickly abandon this goal, especially as the world prepares for the UN Climate Change Conference in November.

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