Former Liberal Democratic Party Secretary-General Shigeru Ishiba to participate in party leader election, supports gradual interest rate hikes by the Bank of Japan

According to Jinshi Data, former Secretary-General of Japan's Liberal Democratic Party Shigeru Ishiba said on Saturday that he will participate in the ruling Liberal Democratic Party leader election on September 27, which will elect the successor to the current Japanese Prime Minister Fumio Kishida.

In a recent interview, Shigeru Ishiba expressed support for the Bank of Japan's policy of gradually raising interest rates, saying that normalizing its ultra-loose monetary policy could lower prices and boost industrial competitiveness.