Japan PM Kishida to keep finance and other prominent ministers in Cabinet reshuffle

Progression at Japan’s Finance Ministry governed by Mr Shunichi Suzuki would underscore Tokyo’s focus on the falling yen and the increasing living expenditures. Japan’s Prime Minister Fumio Kishida is thinking and planning about keeping Finance Minister Shunichi Suzuki and Industry Minister Yasutoshi Nishimura, Kyodo news agency revealed on the occasion of an anticipated Cabinet reshuffle, creating major changes in the ministerial line-up unlikely.

Recent suggestion polls reveal Mr Kishida, who got the position of Prime Minister less than two years back, scoring lower acceptance than dislike ratings. He has said he wishes to reshuffle his Cabinet and create transformations in the rulership of the ruling Liberal Democratic Party as early as on Wednesday. The Yomiuri Shimbun newspaper reported earlier that Mr Kishida had decided to keep Mr Hirokazu Matsuno in his current post as Chief Cabinet Secretary, a prominent position that coordinates policy among ministries and acts as the top government spokesman.

Mr Shinzo Abe and Mr Yoshihide Suga, the two prime ministers before Mr Kishida, both served as chief Cabinet secretaries before becoming premiers. Mr Kishida appointed Mr Suzuki as Finance Minister when he created his first Cabinet in October 2021. Continuity at the Finance Ministry would underscore his administration’s focus on keeping sharp yen falls in check, and compiling a new package of techniques to protect people from inflation. Mr Suzuki enforced verbal warnings to the currency market because of exchange rate volatility, as the yen hit a 10-month low in opposition to the dollar previous week.