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<p>Japan's incoming Prime Minister&nbsp;Shigeru&nbsp;Ishiba&nbsp;suggested on Sunday (Sep&nbsp;29) that&nbsp;he was willing to consider a snap election in the near future, on October 27.&nbsp;Ishiba, 67, won the Liberal Democratic Party's (LDP)&nbsp;leadership race last Friday, clinching a run-off win after a contest among an unprecedentedly large field of nine candidates.</p>

<p>His picks&nbsp;for finance, defence and foreign minister, as well as the pivotal post of chief cabinet secretary, appear to draw on seasoned veterans from the LDP,&nbsp;as he prepares to form a government on Tuesday.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/former-japanese-defence-minister-shigeru-ishiba-to-be-countrys-next-pm-762426">Former Japanese defence minister Shigeru Ishiba to become country's next PM</a></strong></p>

<p>In a televised interview, Ishiba&nbsp;suggested to call out the snap election. Citing LDP sources, state media later reported that Ishiba&nbsp;would dissolve the lower house of Parliament on October 9, with an election set for October 27.</p>

<h2><strong>A look at Ishiba's cabinet</strong></h2>

<p>A report by the news agency Reuters said that for his cabinet, Ishiba&nbsp;is set to name former chief cabinet secretary Katsunobu Kato as finance minister and bring Gen Nakatani back as defence minister.</p>

<p>Former defence minister&nbsp;Takeshi Iwaya will assume the foreign minister post while Yoshimasa Hayashi will remain as chief cabinet secretary, a key post that includes the role of top government spokesperson.</p>

<p>Ryosei Akazawa, the state minister of finance, will be minister of economic revitalisation, Reuters reported.</p>

<p><strong>Also watch | Japan's Ishiba eyeing for snap elections in October</strong></p>

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<p>Absent, however, from picks so far reported in local media is Sanae Takaichi, the hardline conservative Ishiba&nbsp;beat by 215 votes to 194 on Friday in the closest leadership election in almost 70 years.</p>

<p>Takaichi's exclusion could make it difficult for&nbsp;Ishiba&nbsp;to manage a fractious ruling group roiled by scandals that have sapped its public support.</p>

<h2><strong>Ishiba speaks on Japan's monetary policy</strong></h2>

<p>During the interview on Sunday,&nbsp;Ishiba&nbsp;said Japan's monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to underpin a fragile economic recovery.</p>

<p>It was not immediately clear whether&nbsp;Ishiba, who had been a vocal critic of the Bank of Japan's past aggressive monetary easing, was taking a more dovish line with his remarks.</p>

<p><em>(With inputs from agencies)</em></p>


Japan's incoming Prime Minister Shigeru Ishiba suggested on Sunday (Sep 29) that he was willing to consider a snap election in the near future, on October 27. Ishiba, 67, won the Liberal Democratic Party's (LDP) leadership race last Friday, clinching a run-off win after a contest among an unprecedentedly large field of nine candidates.

Japan's incoming Prime Minister Shigeru Ishiba suggested on Sunday (Sep 29) that he was willing to consider a snap election in the near future, on October 27. Ishiba, 67, won the Liberal Democratic Party's (LDP) leadership race last Friday, clinching a run-off win after a contest among an unprecedentedly large field of nine candidates. His picks for finance, defence and foreign minister, as well as the pivotal post of chief cabinet secretary, appear to draw on seasoned veterans from the LDP, as he prepares to form a government on Tuesday. Also read | Former Japanese defence minister Shigeru Ishiba to become country's next PM In a televised interview, Ishiba suggested to call out the snap election. Citing LDP sources, state media later reported that Ishiba would dissolve the lower house of Parliament on October 9, with an election set for October 27. A look at Ishiba's cabinet A report by the news agency Reuters said that for his cabinet, Ishiba is set to name former chief cabinet secretary Katsunobu Kato as finance minister and bring Gen Nakatani back as defence minister. Former defence minister Takeshi Iwaya will assume the foreign minister post while Yoshimasa Hayashi will remain as chief cabinet secretary, a key post that includes the role of top government spokesperson. Ryosei Akazawa, the state minister of finance, will be minister of economic revitalisation, Reuters reported. Also watch | Japan's Ishiba eyeing for snap elections in October × Absent, however, from picks so far reported in local media is Sanae Takaichi, the hardline conservative Ishiba beat by 215 votes to 194 on Friday in the closest leadership election in almost 70 years. Takaichi's exclusion could make it difficult for Ishiba to manage a fractious ruling group roiled by scandals that have sapped its public support. Ishiba speaks on Japan's monetary policy During the interview on Sunday, Ishiba said Japan's monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to underpin a fragile economic recovery. It was not immediately clear whether Ishiba, who had been a vocal critic of the Bank of Japan's past aggressive monetary easing, was taking a more dovish line with his remarks. (With inputs from agencies)

Japan's incoming PM Shigeru Ishiba willing to consider a snap election on Oct 27

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Japan's incoming PM Shigeru Ishiba willing to consider a snap election on Oct 27