Japan’s PM Kishida to quit as ruling party faction leader
Japanese Prime Minister Fumio Kishida will step down as chief of his faction in the ruling Liberal Democratic Party (LDP) amid a growing slush funds scandal, local media reported on Thursday.
Kishida, also president of the LDP, is set to announce his resignation as the leader of Kochikai, the party’s fourth-largest faction, later during the day, Xinhua quoted national news agency Kyodo, citing sources close to the matter.
Kochikai is among the five LDP factions that allegedly underreported their revenue from political fundraising parties, from which the extra income may have been returned to some of their lawmakers as kickbacks.
Seiwaken, or the Seiwa policy study group, the largest LDP faction previously led by the late former Prime Minister Shinzo Abe, was suspected of havi...