TOKYO - The successor to Japanese Prime Minister Shinzo Abe, who is resigning because of poor health, faces a daunting list of economic, diplomatic and security issues.The winner will serve out Abe's term as party leader until September 2021 and is all but assured the premiership by virtue of the LDP's majority in parliament.
Policymakers are short of ammunition with a big public debt limiting new government spending and the Bank of Japan running out of options to hit its elusive 2% inflation target. Abe had forged close ties with President Donald Trump so the next leader will be starting afresh no matter who wins the U.S. election.
An LDP committee wants the government to consider a strike capability to halt ballistic missiles within enemy territory, a controversial issue for a country that renounced the right to wage war after its World War Two defeat. The proposal is also likely to anger China and Russia, which could fall within range of any new strike weapons.
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