Sept. 29 (Reuters) – Japan’s ruling party votes on Wednesday for a new leader in an unusually unpredictable fight that will essentially decide the next prime minister of the world’s third-largest economy. read more
Four candidates are competing to lead the Liberal Democratic Party, including popular 58-year-old Vaccine Minister Taro Kono and former centrist Foreign Minister Fumio Kishida. Historically, two women will also compete for the top spot, including ultra-conservative Sanae Takaichi, 60, and Seiko Noda, 61, from the party’s dwindling liberal wing. read more
Here’s what to expect on Wednesday:
The first round of voting begins at 1 p.m. Japan time and the results will be announced at 2:20 p.m.
Kono, a social media-friendly maverick who has rocked the world of serious Japanese politics, is the front-runner to win the most votes. However, projections show that he failed to obtain the 383 votes required for the majority.
That means that the top two candidates will immediately move on to a second round in which the winner must secure 215 votes out of a total of 429 available, of which 382 are cast by lawmakers who voted in the first round and another 47 by local vote. chapters.
In the second round scenario, some projections favor Kishida due to the way more conservative factions can vote to block Kono.
That said, if Takaichi is voted in second place, the faction vote to block Kono could cause her to rage and emerge victorious in the second round.
In the last leadership fight a decade ago, then-Prime Minister Shinzo Abe lost the first round of voting, but won the second.
The results of the second round of voting are expected around 3:40 pm after the market close.
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Editing by Leela de Kretser; Edited by Michael Perry
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