Fumio Kishida, the leader of the ruling Liberal Democratic Party ( LDP ), says the party needs a “new start,” but he wo n’t run for president.
After the group chooses a new president in September, the 67-year-old LDP senior is expected to phase down as prime minister.
Following the collapse of Mr. Kishida’s party and as his state struggles to pay rising living costs and a declining yen, aid has decreased.
His approval rating dropped to 15.5 % last month, which is the lowest reading for a prime minister in more than a decade.
Some in the organization have doubted whether Mr. Kishida will succeed the following general election set to take place in 2025. Since 1955, the LDP has been in strength almost constantly.
Researchers have told the BBC that Japan is going through a “once-in-a-generation” political problems as the ruling party conflicts to clean up its picture.
Last December, four LDP cabinet ministers resigned within a fortnight over a fundraising scandal involving the ruling party’s most powerful faction.
Five top vice-ministers and a political vice-minister from the same party, previously led by the overdue PM Shinzo Abe, even quit.
Hundreds of LDP lawmakers have been the subject of a criminal investigation launched by Japanese prosecutors into whether they received money from fundraising events that resulted in the disclosure of millions of dollars in formal party records.
The controversy began as Japanese households struggled as food prices soared at the fastest pace in nearly 50 years.
The fifth-largest economy in the world has long been stagnated; however, its population is rapidly aging despite having no increased in 30 years.