Japan's parliament to hold vote on PM next week

AWANI

Japan has agreed to hold a parliamentary vote to select the next Prime Minister on October 21, which could see Sanae Takaichi assuming office as the country's first female leader.

Transcript

00:00Japan is set to hold a parliamentary vote on October 21st to select its next prime minister.

00:06The vote will decide whether Sanae Takechi, the new leader of the ruling Liberal Democratic Party,

00:12will become the country's first female prime minister.

00:18While the LDP had proposed the date, opposition parties initially objected to the schedule

00:24due to ongoing coalition talks. The party has approached the right-leaning opposition

00:29the Japan Innovation Party in a bid to secure a majority and expand its coalition.

00:36Markets have responded positively. The Nikkei share average has risen

00:40as investors bet on a revival in big spending and loser monetary policy under Takechi.

00:47If she passes the vote, Takechi will face a busy diplomatic schedule later this month,

00:52including the ASEAN summit in Malaysia, the APEC summit in South Korea,

00:57and a visit from US President Donald Trump to Japan.

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