Breaking News
LAST CHANCE for Cyber Monday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Japan PM Kishida vows to devote himself to ending COVID-19 crisis

WorldOct 08, 2021 05:36AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. Japan's newly-elected Prime Minister Fumio Kishida arrives at his official residence in Tokyo, Japan October 4, 2021. REUTERS/Issei Kato 2/2

By Kiyoshi Takenaka

TOKYO (Reuters) -Prime Minister Fumio Kishida said on Friday he would do his utmost to lead Japan out of the COVID-19 crisis while protecting its territory and people in an increasingly tough security environment.

Kishida took the top job in the world's third-largest economy on Monday, replacing Yoshihide Suga, who had seen his support undermined by surging COVID-19 infections. Daily cases have recently fallen and a long state of emergency was lifted this month.

"I'm determined to devote body-and-soul to overcome this national crisis with the people, carve out a new era and pass on to the next generation a country whose citizens are rich at heart," Kishida said in his first policy speech to parliament.

A big early test for him will be leading his ruling Liberal Democratic Party (LDP) into a general election on Oct 31.

The 64-year-old former foreign minister, who has a reputation as a low-key consensus builder, said the government would quickly put together a stimulus package to support those hit hard by the pandemic and take legislative steps to secure medical resources.

He did not specify the size of the stimulus package in his speech but last month he suggested a sum of 30 trillion yen ($268 billion).

Earlier, Finance Minister Shunichi Suzuki said he hoped to compile an extra budget to fund the stimulus immediately after the elections and have it approved by parliament by the end of the year.

Kishida underscored the need to support those in need to win public cooperation and he called for cash payouts to companies hit hard by the pandemic.

He also pledged to give cash payouts to so-called non-regular workers, families with children, and those struggling to make ends meet because of the pandemic.

Kishida reiterated his resolve to overcome deflation and said he would press on with bold monetary easing, expeditious fiscal spending and a strategy for growth.

"We will conduct fiscal spending without hesitation to respond to crises and make sure all possible measures are taken," he said.

'SAY WHAT NEEDS TO BE SAID'

On national security and foreign affairs, Kishida said he would protect Japan's peace and stability.

"With the security environment surrounding the country getting tougher, I will resolutely protect our territory, territorial waters, air space and the people's lives and property," he told parliament.

Japan faces China's rapid military buildup and aggressive maritime expansion, as the threat from North Korea's nuclear and missile programmes.

Kishida said he planned to update national security strategy and aimed to bolster the coast guard and missile defence capabilities.

Kishida had telephone conversations with Chinese President Xi Jinping as well as Indian Prime Minister Narendra Modi on Friday, media reported.

The calls marked the first time Kishida talked with either leader since taking over as prime minister, Kyodo News said.

On ties with China, Kishida said in his speech that building stable relations and maintaining dialogue were important but Japan would not mince words when necessary.

"While working with countries with which we share universal values, we say what needs to be said to China and demand firmly that it behave responsibly. We also maintain dialogue and continue cooperating with them in tackling common issues," he said.

China claims almost all of the energy-rich waters of the South China Sea, where it has established military outposts on artificial islands. It also claims a group of Japanese-administered islets in the East China Sea.

Calling Japan's security alliance with the United States the "cornerstone of world peace and prosperity", Kishida said he intended to build on that alliance.

Japan PM Kishida vows to devote himself to ending COVID-19 crisis
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email