People noticed the market’s volatility on Aug 5 with the yen carry trade, but few discussed the notable changes among the next Japan PM candidates & the pressure on current PM Fumio Kishida.
In early Aug, Kishida seemed failed to secure his party’s support. The meetings on Aug 2 (Friday) between party “leaders” seemed to be a really important time. Other news pointed to the same direction around those days.
The LDP’s internal election dynamics, especially factional operations, determine the outcome. And Taro Aso seems to be a very powerful figure. He is the “King Maker“.
Currently, there are 9 candidates within LDP. We shall know the vote by end of Sep. If no one gets over half of the vote, which is almost certain, then the two with the most votes will enter the runoff. In this runoff, the LDP lawmakers will have a much greater voice so they are determining in the end.
The winner shall be the next Japan PM.