Japan’s Kishida to step down as PM after LDP picks new leader

Japan’s Kishida to step down as PM after LDP picks new leader

Japanese Prime Minister Fumio Kishida announced Wednesday that he will step down after the rulingLiberal Democratic Party selects a new chief next month, “taking responsibility” for an enduring political funding scandal that has engulfed it for months.

The president of the party serves as prime minister when itholds a parliamentary majority. Speaking at a surprise news conference, Kishidasaid that he will not seek reelection as party presidentin a votescheduled for next month.