Ishiba loses his ‘mandate from heaven'
"If I were ever to become prime minister, it would probably be when the Liberal Democratic Party or Japan was in serious deadlock,' he wrote in his book published last year. "Unless I receive a mandate from heaven, it's unlikely to happen.'
After Sunday's humiliation at the polls, whatever mandate from heaven he once commanded is lost.
The LDP suffered a devastating loss in the Upper House elections. Ishiba had already set himself the low bar of retaining a majority in the chamber along with long-time coalition partner Komeito. It failed to achieve even that, even if the final results were better than exit polls had suggested. It's a rebuke from the electorate that has few parallels outside of times of extreme economic distress, such as when the LDP was ejected from power in 2009 in the aftermath of the global financial crisis.
The brewing matter now is the ongoing trade talks with the U.S. But these results show Ishiba no longer has the authority to negotiate them as Japan's leader.
Against all odds, he was elected LDP leader, and therefore prime minister, after a fractious search in 2024 — with a party tainted by scandal looking for a new face that could win elections. He had previously sought the top office on four separate occasions and had declared this his last attempt. With little support from traditional factions and hewing to a more liberal wing of the party than normally commanded power, his goal seemed quixotic. Nonetheless, he saw off the opposition to realize his four decade-long quest to to lead Japan.
This latest crisis was largely of Ishiba's own making. Upon becoming prime minister last year, he called a snap election — one that wasn't legally required and which he initially said he wouldn't seek. His purported popularity dissipated instantly and he was forced into a minority government. His period in power since has been a hodgepodge of temporary alliances just to keep government lights on. Last month, Ishiba oversaw the most disastrous campaign ever for his party in the Tokyo assembly election. Surely, this third time must be his last chance.
He has been so unpopular with his own party's candidates that many asked he not show up at rallies. As a result, the LDP was virtually anonymous and the party that has ruled Japan for most of the last seven decades yielded the debate floor to the opposition. The vote in 2024 left the LDP without accomplishments to run on, while smaller groups with YouTube accounts and gripes about foreigners promised the electorate everything.
In 2009, as a member of then-Prime Minister Taro Aso's Cabinet, Ishiba was among the first to break ranks after an electoral defeat and call for Aso's removal. Yet now, in the face of a far worse loss, he insists he will stay on, citing the need to handle the ongoing U.S. tariff talks — discussions he has presided over for three months without the slightest sign of progress.
Ishiba's smartest political move has been to exploit the threat of U.S. President Donald Trump to extend his own time in power. He cleverly branded the threat of tariffs a "national crisis,' a phrase politicians previously used to describe the likes of the devastating March 11, 2011, earthquake.
But Sunday's results leave little doubt. In three major elections in a row, the public has rejected him. Younger voters and conservatives deserted the LDP in droves, drawn instead to the likes of the fringe right party Sanseito. It's a movement that I believe won't last long, but which is attracting right-leaning voters with its populist talk — and nabbing those who would normally lean LDP.
If, like in Aso's era, there was an organized opposition party waiting in the wings to take power that would be one thing. But the protest vote from a disillusioned electorate has gone instead to cranks and conspiracy theorists. Ishiba says he must solve the trade issue, but what right does he have to negotiate such long-lasting deals?
No one wants to see a return to the "revolving door' of Japanese politics. But this is an exception. Ishiba must do the right thing and resign. It's unclear if there's anyone in the LDP who can salvage the party's fortunes. But it's not the current prime minister.
Gearoid Reidy is a Bloomberg Opinion columnist covering Japan and the Koreas.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Japan Times
an hour ago
- Japan Times
Central government workers to get a pay bump of at least 3%, sources say
Central government workers are likely to get a monthly pay hike of at least 3%, the biggest increase in 34 years, sources said Monday. The National Personnel Authority, which makes recommendations for wage changes for national public servants, has found it necessary to raise their salaries by 3% or more to bridge the wage gap with private-sector workers, who have been enjoying robust pay increases amid labor shortages, people familiar with the matter said. Bonus payments are likely to be raised as well, marking simultaneous hikes in monthly salaries and bonuses for a fourth year in a row, they added. The authority, which is expected to make this year's recommendation next month, expanded the scope of its survey to compare wages between employees at central government agencies and private companies. The upcoming proposal will reflect this move's wage-increasing effects. Last year, the authority called for raising monthly salaries by 2.76% and bonuses by 0.1 month's salary.


Japan Times
an hour ago
- Japan Times
South Korea pitches Trump on shipyards for last-minute trade deal
South Korea is pitching the U.S. on a shipbuilding partnership as a key proposal to seal a last-minute agreement to avoid a 25% tariff rate. While details remain unclear, Yonhap News reported that South Korea has proposed a multibillion dollar project dubbed "Make American Shipbuilding Great Again.' South Korea's Industry Ministry declined to comment. "We confirmed the U.S. side's strong interest in the shipbuilding sector and the two countries agreed to work together to develop mutually acceptable terms that include shipbuilding cooperation,' South Korea's presidential office said in a statement Saturday. As countries across Asia clinched deals last week, Seoul's negotiators have been racing to stay engaged with their U.S. counterparts as Washington shifted its focus to the European Union and China. The U.S. and EU announced a pact Sunday that will see the bloc face 15% tariffs on most of its exports to the U.S., including automobiles. The latest agreement which follows a Japan deal last week, adds to the pressure on Asia's fourth-largest economy to clinch a deal. South Korea, where negotiations have been slowed by internal political turmoil, is one of the biggest Asian economies to still be without a deal. Aside from China, other major exporters in the region that are in the thick of negotiations include India and Taiwan. South Korea's finance and foreign ministers are set to meet with their U.S. counterparts this week in a last-minute bid to close the negotiations and the government in Seoul has said the two countries are committed to making a deal before U.S. President Donald Trump's Aug. 1 deadline. Also on table is increased access to South Korea's agricultural market, as well as a fund to invest in American projects similar to an agreement Japan struck. Under the deal, the two sides touted a $550 billion fund as part of the agreement on the tariff rate dropping to 15%. The South Korean talks are similarly focused on reaching a 15% tariff rate, including for autos, and the recent proposals suggest a comparable structure. Putting agricultural imports on the table raises the stakes for South Korea's new government. Past efforts to open the country's beef market sparked nationwide protests and any shift on rice imports could face even stiffer resistance. Barring a deal, Bloomberg Economics estimates a 1.7% hit to South Korea's gross domestic product, with market volatility and uncertainty threatening to push the GDP losses beyond that. Overseas shipments were equivalent to more than 40% of South Korea's GDP last year. "Japan's trade deal paints a positive backdrop but also sets a high bar for others,' Morgan Stanley economist Kathleen Oh said in a note last week. "Korea and Taiwan may need to ramp up new investment schemes to increase agricultural and energy imports and expand market access, as seen in Japan's case.'


Japan Times
2 hours ago
- Japan Times
Japan expects only 1% to 2% of $550 billion U.S. fund to be investment
Japan expects only 1% to 2% of its recently agreed upon $550 billion U.S. fund to be in the form of actual investment, with the bulk of it being loans, according to the nation's chief tariff negotiator, Ryosei Akazawa. At the same time, Tokyo would save roughly ¥10 trillion ($68 billion) through lower tariff rates in its deal with America, he said. The $550 billion investment framework will be a combination of investments, loans and loan guarantees provided by financial institutions backed by the Japanese government, Akazawa said on public broadcaster NHK on Saturday night. Of the total, investment would be worth 1% or 2% and the United States and Japan would split the profits of that investment at a ratio of 90-to-10, he said. Japan had originally proposed a 50-50 ratio, he added. The fund is a centerpiece of the deal announced by the two sides that will impose 15% tariffs on Japanese cars and other goods. But the details given by Akazawa suggest the Japanese may end up giving up much less than at first glance. The comments come as officials from countries with deals with the U.S. sift through the terms to explain to the public what they entail. "It's not that $550 billion in cash will be sent to the U.S.,' Akazawa said. "By letting the U.S. have 90% of the profits rather than 50%, I think Japan's loss will be at most a couple of tens of billions of yen. People are saying various things, such as 'You sold out Japan,' but they're wrong.' For the loans provided through the program, Japan will simply be collecting the interest payments, and for the loan guarantees, if nothing happens Japan will also be just collecting fees, Akazawa said. "For that part, Japan's just making money,' he said. Akazawa also clarified that the investment program won't be only supporting Japanese and U.S. firms. As a potential example, he cited a Taiwanese semiconductor firm building a factory in the U.S. "We'd like to put the $550 billion in place during President (Donald) Trump's term,' Akazawa added. Further details of the implementation of the U.S.-Japan deal remain unclear including when the new tariff rates would take effect and when the new investment vehicle would kick off. There's been no joint document signed by both sides for the deal, although the White House has published a fact sheet. "If you say something like, 'Let's create a joint document,' they will say, 'We'll lower tariffs after the document is created,'' Akazawa said. In order to not lose time, "we will demand that they issue an executive order to lower tariffs as soon as possible, regardless of a document.' Last week, Akazawa said he expects universal tariffs on Japan's shipments to be lowered to 15% on Aug. 1, while he said he wanted the car tariffs to be cut to 15% as soon as possible without specifying a date. The Trump administration has touted the deal with Japan as a potential model for others. On Sunday, the U.S. and European Union agreed on a deal that will see the bloc face 15% tariffs on most of its exports with the EU pledging to invest $600 billion in the U.S.