In the press review of this Friday, August 28, we will discuss: the resignation of Prime Minister Shinzô Abe, the consequences and consequences of this resignation, and finally the opening of the borders for foreign residents in Japan.
Prime Minister Shinzô Abe resigns
Prime Minister Shinzô Abe announced his resignation on Friday. He would suffer from inflammatory colon disease that led him to this decision, while he recently celebrated the longest life at the head of the country. Since June, the Prime Minister has reportedly shown signs of recurrence of ulcerative colitis and his condition worsened around mid-July. His repeated visits to Keiô Hospital for “Routine examinations” during the month of August sparked lively speculation within the government and its opponents as to its ability to rule the country. Abe would now take new drugs, and the future and the course of the disease are uncertain. He felt that his condition could affect his judgment and decision making and that he could no longer meet the expectations of the people. The recent resurgence of the pandemic in Japan would have motivated him to make his decision and make it public today. However, he expressed regret about what he was unable to complete, such as resolving the issue of the kidnappings of Japanese by North Korea or concluding a peace treaty with Russia.
The consequences and follow-up of Shinzô Abe
Following the announcement of Shinzô Abe’s resignation today, Nikkei stock prices suddenly fell. It suffered a decline of more than 600 points, or 2.6%, before closing at 22,882 and suffering a final drop of 326 points, or 1.4%. The climate of uncertainty regarding the political future of Japan is also causing a sharp fluctuation in the price of the yen. Shinzô Abe would have said about the choice of his successor: “I leave it to the care of the party executives”. Among the members of the Liberal Democratic Party, at the head of the country, Fumio Kishida, president of the council for political research, Yoshihide Suga, secretary of the Cabinet and finally Shigeru Ishiba, former secretary general of the party, win many supporters.
Opening of borders to foreign residents
It has been confirmed that from September, the heavily criticized decision to close the borders to foreign residents in Japan due to coronavirus will be relaxed. They will now be able to re-enter the territory or to leave it temporarily. Foreign residents will be required to undergo screening tests on arrival and complete a fortnight period. The government has also said it will make efforts to issue visas allowing certain businessmen to reenter Japan.