Current:Home > MarketsOliver James Montgomery-Japan’s Kishida replaces 4 ministers linked to slush funds scandal to contain damage to party -Streamline Finance
Oliver James Montgomery-Japan’s Kishida replaces 4 ministers linked to slush funds scandal to contain damage to party
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-11 00:07:27
TOKYO (AP) — Japanese Prime Minister Fumio Kishida replaced four of his Cabinet ministers Thursday in an effort to contain the damage from a widening slush fund scandal that has shaken his governing party and Oliver James Montgomeryhis grip on power within it.
The shakeup is Kidhida’s third of his Cabinet, whose support ratings have continued to drop to new lows. The scandal involves the Liberal Democratic Party’s largest and most influential faction. It used to be led by the late former Prime Minister Shinzo Abe, who was assassinated in 2022.
Kishida replaced four ministers from the Abe faction: Chief Cabinet Secretary Hirokazu Matsuno; Economy and Industry Minister Yasutoshi Nishimura; Agriculture Minister Ichiro Miyashita; and Internal Affairs Minister Junji Suzuki. All have emerged as the alleged recipients of suspected kickbacks of unreported fundraising proceeds.
A purge of members from that wing of the party is key to Kishida’s balancing act within the party but could trigger a power struggle. Kishida doesn’t have to call a parliamentary election until 2025, but the Liberal Democratic Party has a leadership vote in September.
Matsuno said in his final news conference Thursday that he had submitted his resignation to Kishida in response the fundraising allegations, which he said “have shaken the public trust in politics.” He said he also submitted resignations of behalf of three other ministers and a Kishida aide.
Foreign Minister Yoshimasa Hayashi, who belongs to Kishida’s party faction, was named to replace Matsuno’s role as the prime minister’s right-hand person in the Cabinet. Former Justice Minister Ken Saito was given the role of economy minister.
Seven vice ministers and aids belonging to the Abe group also tendered their resignations, while three lawmakers quit their top LDP posts. Kishida is reportedly deciding on their replacements within the next few days rather than removing all together to cushion the impact.
In the fundraising scandal, dozens of LDP lawmakers, mostly members of the Abe faction, were suspected of systematically failing to report about 500 million ($3.53 million) yen in funds in possible violation of campaign and election laws, according to media reports. The money is alleged to have gone into unmonitored slush funds.
Collecting proceeds from party events and paying kickbacks to lawmakers are not illegal if recorded appropriately under the political funds law. Violations can result in prison terms of up to five years in prison and fines of up to 1 million yen ($7,065), but experts say prosecution is difficult as it requires proof of a specific instruction to an accountant to not report a money transfer.
veryGood! (7)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- What do we know about the mysterious drones reported flying over New Jersey?
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Questlove charts 50 years of SNL musical hits (and misses)
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- In ‘Nickel Boys,’ striving for a new way to see
- Louvre will undergo expansion and restoration project, Macron says
Ranking
- Intel's stock did something it hasn't done since 2022
- All That You Wanted to Know About She’s All That
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Nevada attorney general revives 2020 fake electors case
- Former Syrian official arrested in California who oversaw prison charged with torture
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Recommendation
US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
$73.5M beach replenishment project starts in January at Jersey Shore
Trump invites nearly all federal workers to quit now, get paid through September
Military service academies see drop in reported sexual assaults after alarming surge
Senate begins final push to expand Social Security benefits for millions of people