Japan: Prime Minister Suga’s resignation and the end of political stability
On Friday 3 September, Japan’s Prime Minister Yoshihide Suga announced that he would not be running in the leadership contest of his Liberal Democratic Party (LDP) scheduled for later this month. This effectively means that he will be stepping down as Prime Minister after barely a year in office. However, given the general crisis of Japanese capitalism, what we are seeing here isn’t just the end of Suga’s own political career, but the end of relative political stability that the ruling class has managed to maintain for the past decade. In Japan, a new, turbulent epoch of political instability is being ushered in.