While many observers of Japanese politics have been focused on the Lower House election that must be held by late October, there is another important vote that needs to take place in the coming months.

As Prime Minister Yoshihide Suga's term as the Liberal Democratic Party president expires at the end of September, party members could be deciding who will be the new head-of-government before the Japanese public ever goes to the polls.

The LDP revealed that it is looking at concluding the party presidential race sometime between Sept. 20 and 29. The exact date is not yet set in stone, but the Party will announce its final decision on Aug. 26.