Japan’s New Prime Minister

Yoshihide Suga becomes Japan’s prime minister this week, having been elected leader of the ruling Liberal Democratic Party on Monday. His elevation comes at an important moment for the world’s third-largest economy, and presents new opportunities.

Mr. Suga succeeds Shinzo Abe, who resigned for ill health. He inherits an economy that contracted nearly 28% on an annual basis in the second quarter due to the pandemic. The 2020 Summer Olympics, intended to mark a national renaissance, were postponed. Tokyo has rolled out fiscal…

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