Business Standard

Japan PM runner wants to delay stimulus debate

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Fumio Kishida, a key contender to succeed Yoshihide Suga as Japan's prime minister, said on Sunday that debate on funding economic stimulus measures he has proposed should wait until after a general election later this year. The former foreign minister's remark underscore­s the rising risk of a delay in compiling the budget for next fiscal year as economic policy is in limbo during the campaign for premier after Suga's abrupt withdrawal. "I'll lay out the general direction of my stimulus package idea, but it won't be easy for the government to boil down details of the plan," Kishida said in a television programme. "How to fund the package ... will be something that will be discussed once the general election is over." In a surprise announceme­nt on Friday, Suga said he will not run for reelection as head of the ruling Liberal Democratic Party (LDP). The party president becomes prime minister because of the LDP'S majority in parliament. The winner of the now wideopen LDP race must call a general election by November 28.

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