Shigeru Ishiba, Japan’s newly elected prime minister, delivered his first policy speech to parliament on Friday, addressing key issues aimed at restoring public trust and alleviating economic pressures. Elected earlier this week, Ishiba is set to navigate the nation through a series of challenges, including recent political scandals and rising living costs.
At the outset of his address, Ishiba expressed \"deep regret\" over a significant slush funds scandal that has severely damaged the reputation of the ruling Liberal Democratic Party (LDP). \"I will restore confidence in politics lost over the issue of political funds and will explain to the people more clearly than ever the situation in which Japan finds itself,\" Ishiba stated. \"It is the responsibility of politics to rebuild a safe, secure and prosperous Japan by gaining the understanding and empathy of the people.\"
On economic policy, Ishiba committed to crafting a comprehensive package of measures aimed at supporting households burdened by inflation and the depreciation of the yen, which has led to increased import costs. \"It's necessary that we provide support to those reeling from rising prices until a virtuous cycle of growth and redistribution is certainly in motion, where pay hikes outpace inflation and companies invest proactively,\" he explained.
The 67-year-old former defense minister has set an ambitious goal to increase the average minimum hourly wage to 1,500 yen (approximately $10) nationwide by the end of the 2020s, significantly ahead of the previous government’s target of 1,055 yen.
In the realm of energy, Ishiba assured that Japan will maintain the safety of nuclear reactors and develop an optimal energy mix to meet the growing demand. This stance marks a shift from his position during last month's LDP presidential election, where he advocated for reducing reliance on nuclear power in favor of renewable energy sources.
Addressing diplomacy and security, the prime minister expressed his intent to foster \"constructive and stable\" ties with the Chinese mainland through dialogue. Additionally, he emphasized the importance of strengthening and broadening bilateral relations with South Korea.
Parliamentary sessions in both the Lower House and the Upper House are scheduled for October 7 and 8, where representatives from the ruling and opposition parties will engage with Ishiba on his policy proposals. Furthermore, Ishiba has announced plans to dissolve the Lower House on October 9, paving the way for a snap election set for October 27.
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Japan's new PM Ishiba delivers first policy speech since taking office
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