What We're Watching

Japan’s heavy hitters slug it out in leadership election

Nine candidates for the Japan Liberal Democratic Party presidential election attend a speech meeting in Matsue City, Shimane Prefecture, Japan, on September 20, 2024.
Nine candidates for the Japan Liberal Democratic Party presidential election attend a speech meeting in Matsue City, Shimane Prefecture, Japan, on September 20, 2024.
Naoya MASUDA / The Yomiuri Shimbun via Reuters Connect

Japan’s Liberal Democratic Party will elect a new president to replace Fumio Kishida on Friday, as the unpopular prime minister prepares to bow out and give his successor a fresh slate ahead of a looming general election. Three names have emerged as the leading candidates: former Defense Minister Shigeru Ishiba, Economic Minister Sanae Takaichi, and former Environment Minister Shinjiro Koizumi, the likely favorite.

What are the candidates promising? Policy-wise, the differences are marginal. Takaichi is somewhat more hawkish on China and more supportive of late PM Shinzo Abe’s economic policies than her peers. All the candidates are strong supporters of the US alliance, though Ishiba went a little further than the others by calling for an Asian version of NATO. The winner will also influence when general elections are held, with Koizumi promising to hold the vote almost immediately while Ishiba and Takaichi display more caution. But a vote must be held before Oct. 31, 2025.

It’s worth noting that, if elected, Takaichi would be the first woman to rule Japan in its modern history, and possibly the first to rule in her own name since the 8th century.

How will the vote work? The first round will be open to both elected LDP legislators and rank-and-file members, with their votes weighted equally. If no candidate secures a majority — which is likely — there will be an immediate runoff between the top two candidates, where legislators have more weight. That dynamic works against Ishiba, who is not popular among party elites. Koizumi’s more moderate image might benefit him in a runoff against the conservative Takaichi, meaning he’s a good bet if he makes it through the first round no matter who he faces in the runoff.

Whoever comes out on top, the Biden administration is hoping they’ll take a leaf from their predecessor, says Eurasia Group’s David Boling. “The White House has loved Kishida, who has made the US-Japan alliance as strong as ever, and will hope the next prime minister follows in Kishida’s footsteps,” he says.

More For You

French President Emmanuel Macron, German Chancellor Friedrich Merz, Ukrainian President Volodymyr Zelenskiy, U.S. Special Envoy Steve Witkoff and businessman Jared Kushner, along with NATO Secretary-General Mark Rutte and otherEuropean leaders, pose for a group photo at the Chancellery in Berlin, Germany, December 15, 2025.
Kay Nietfeld/Pool via REUTERS

The European Union just pulled off something that, a year ago, seemed politically impossible: it froze $247 billion in Russian central bank assets indefinitely, stripping the Kremlin of one of its most reliable pressure points.

Walmart’s $350 billion commitment to American manufacturing means two-thirds of the products we buy come straight from our backyard to yours. From New Jersey hot sauce to grills made in Tennessee, Walmart is stocking the shelves with products rooted in local communities. The impact? Over 750,000 American jobs - putting more people to work and keeping communities strong. Learn more here.

Of all the threats to the world, what are the top 10 most urgent global risks for 2026? On Monday, January 5, at 12 pm ET, join us for a livestream discussion with Ian Bremmer and global experts to discuss the Top Risks of 2025 report from Eurasia Group. This report will mark twenty years of Ian Bremmer’s annual forecast of the political risks that are most likely to play out over the year. Event link: gzeromedia.com/toprisks

In this episode of Tools and Weapons, Microsoft Vice Chair and President Brad Smith sits down with Ed Policy, President and CEO of the Green Bay Packers, to discuss how purpose-driven leadership and innovation are shaping the future of one of the world’s most iconic sports franchises. Ed shares how technology and community-focused initiatives, from Titletown Tech to health and safety innovations on the field, are transforming not just the game of football, but the economy and culture of Green Bay itself. He explains how combining strategic vision with investment in local startups is keeping talent in the Midwest and creating opportunities that extend far beyond Lambeau Field.

Subscribe and find new episodes monthly, wherever you listen to podcasts.