Ishiba Elects 102nd Prime Minister of Japan...a bandit of economic and diplomatic tasks

[Anchor]
Japan's new cabinet was launched when Shigeru Ishiba, the president of Japan's Liberal Democratic Party, was named the new prime minister at an extraordinary parliamentary session.

Ishiba, the new prime minister, who will start full-fledged state administration, has a number of domestic and foreign issues that need to be verified for his capabilities such as economy, diplomacy and security.

Correspondent Kim Se-ho's report from Tokyo.

[Reporter]
Ishiba, the ruling Liberal Democratic Party president, won a majority of votes in the House of Representatives and the Upper House in Japan's extraordinary National Assembly, confirming him as the 102nd Prime Minister of Japan.

[National Assembly: We have decided to nominate Shigeru Ishiba as Prime Minister of the Cabinet]

Prime Minister Ishiba, a former member of the 12-term parliament, is considered to have various experiences in state affairs, including the Minister of Agriculture, Forestry and Fisheries and the Minister of Defense.

In addition, the historical perception is considered relatively moderate, such as not visiting Yasukuni shrine and pointing out Japan's war responsibility.

But with nuclear sharing with the United States, they insist on an Asian version of NATO, or collective defense system.
The stance on strengthening defense capabilities is tough, such as removing the constitutional clause banning the possession of
forces and changing the Self-Defense Forces to the National Defense Army.

Because of this, there is a possibility of conflict with neighboring countries such as Korea.

They are also active in taxing financial income and increasing corporate and defense taxes, which rebounded 1.9% from the previous day, but the Japanese stock market, which once plunged, shows market jitters over the new cabinet's economic policies.

Restoring the confidence of the ruling Liberal Democratic Party, whose image has fallen due to factional slush funds, is also a big challenge.

[Naoki Hirase / Tokyo citizen: It doesn't feel like I'm revealing it without hiding, so it's hard to trust it completely.]

In the midst of this, Prime Minister Ishiba plans to declare the dissolution of the House of Representatives on the 9th and hold a general election on the 27th.

[Shigeru Ishiba / Japanese Prime Minister: I think it is important for the new regime to be judged by the people as soon as possible. I'm going to hold a general election on October 27th.]

It seems that holding a general election in a hurry when the Japanese public's expectations for the new cabinet are high is in favor of the ruling Liberal Democratic Party, whose approval rating has plummeted.

Ishiba's Cabinet is expected to soon test its ability to manage state affairs through a number of domestic and international issues, including economy, diplomacy and security.

I'm Kim Se-ho from YTN in Tokyo.