According to PANews, Ishiba Shigeru, leader of Japan's Liberal Democratic Party, has been re-elected as the Prime Minister after defeating Yukio Edano, head of the opposition Constitutional Democratic Party, in the final round of the House of Representatives' prime ministerial nomination election. Ishiba secured 221 votes out of 465 members of parliament. Prior to this, he had already won the prime ministerial nomination election in the House of Councillors.
Ishiba Shigeru has previously expressed that blockchain and NFTs could boost regional economies. On October 1, he was elected as Japan's 102nd Prime Minister and made headlines by dissolving the House of Representatives just eight days into his term, setting a post-war record for the fastest dissolution after a prime minister's election. On October 27, the new House of Representatives election took place, where the ruling coalition of the Liberal Democratic Party and Komeito failed to secure a majority of seats. According to Japan's constitution, a special session of the National Diet must be convened within 30 days following a House of Representatives election to conduct the prime ministerial nomination election.