Tag - funds

 
 

FUNDS

Ryu Shionoya (left), chairman of the Abe faction, and former parliamentary affairs chief Tsuyoshi Takagi bow during a news conference on Friday in Tokyo.
JAPAN / Politics
Jan 20, 2024
Record-low public support sends shockwaves through LDP
The falling support for the LDP is primarily due to a political funds scandal involving the party's powerful factions.
Prime Minister Fumio Kishida attends a news conference at the Prime Minister's Office in Tokyo on Jan. 4.
JAPAN / Politics / FOCUS
Jan 20, 2024
Kishida takes risky gamble by dissolving LDP faction
Members of the factions led by LDP Vice President Taro Aso and Secretary-General Toshimitsu Motegi have resisted following suit, potentially endangering the PM.
Prime Minister Fumio Kishida’s sudden announcement on Thursday regarding the dissolution of his Liberal Democratic Party faction came after the group became caught up in a slush funds scandal that continues to shake his administration and the party.
JAPAN / Politics
Jan 19, 2024
LDP turmoil continues as three major factions announce dissolution
Lawmakers from the 98-member political faction that was previously led by Prime Minister Shinzo Abe made the decision during a meeting Friday night.
Prime Minister Fumio Kishida speaks during a news conference on Dec. 13.
JAPAN / Politics
Jan 18, 2024
Kishida aims to disband his faction amid political funds scandals
The move would mark a bid to restore public trust toward politics amid a series of political funds scandals.
Prime Minister Fumio Kishida referred to the underreporting by the faction that he previously led as “a series of administrative errors” and added that the group was going to make necessary amendments on Thursday.
JAPAN / Politics
Jan 18, 2024
LDP political funds probe nears close with top lawmakers likely unscathed
Clerical staff of LDP factions will likely face indictment over underreporting of revenues in political funds reports, while party heavyweights will emerge largely unscathed.
The Liberal Democratic Party headquarters in Tokyo. In the wake of a political funding scandal, some are calling for the dissolution of the LDP's factions.
COMMENTARY / Japan
Jan 16, 2024
Eliminating factions isn’t the answer to the funding scandal
In the wake of a political funding scandal that has embroiled the LDP, some are calling for the dissolution of the party's factions. That would be a mistake.
After two meetings of an ad-hoc panel established by party leader and Prime Minister Fumio Kishida earlier this month, fissures between lawmakers have emerged, and at the moment the outcome of the debate remains hard to predict.
JAPAN / Politics
Jan 17, 2024
Dissolving factions becomes focus of LDP funding scandal task force
The discussions have led to divisions between lawmakers, and at the moment the outcome of the debate remains hard to predict.
Prosecutors raid the office of the Liberal Democratic Party's Abe faction in Tokyo on Dec. 19. The decision to not indict the faction leaders comes after all underwent voluntary questioning by the special investigation department of the Tokyo prosecutor’s office.
JAPAN / Politics
Jan 16, 2024
Abe faction's seven senior members won't be prosecuted, reports say
Proving a criminal conspiracy between them and the group's treasurer to not report excess income from fundraising parties has been deemed too difficult by investigators.
Chief Cabinet Secretary Yoshimasa Hayashi (second from left) attends a Lower House steering committee meeting in Tokyo Tuesday.
JAPAN / Politics
Jan 16, 2024
Japan parliament to convene 150-day regular session on Jan. 26
Once the parliament opens, opposition parties are set to grill Kishida, who heads the LDP, over a secret slush fund scandal.
Prime Minister Fumio Kishida speaks with evacuees at a junior high school in Wajima, Ishikawa Prefecture, that is serving as an evacuation shelter, on Sunday.
JAPAN
Jan 15, 2024
86.6% back tougher political funds control laws amid scandal
Some 61.6% of poll respondents were also dissatisfied with Kishida's handling of the aftermath of a magnitude-7.6 earthquake that struck the Noto Peninsula on New Year's Day.
Key members of the largest faction of the ruling Liberal Democratic Party, formerly headed by late former Prime Minister Shinzo Abe, stand on a stage during the faction's fundraising party held at a Tokyo hotel in May.
JAPAN / Crime & Legal
Jan 14, 2024
Prosecutors may not build case vs. bigwigs of scandal-hit LDP faction
Once led by the late Prime Minister Shinzo Abe, the LDP's largest faction is accused of failing to report hundreds of millions of yen from fundraisers.
Prime Minister Fumio Kishida addresses the first meeting of the Liberal Democratic Party's reform panel, held Thursday at the party's headquarters, along with former Prime Minister Yoshihide Suga and LDP Secretary-General Toshimitsu Motegi.
JAPAN / Politics
Jan 12, 2024
Ruling LDP starts discussions to reform political funds rules
Prime Minister Fumio Kishida, who heads the LDP, held the "political reform" panel's first meeting on Thursday.
Security guards along the Bund in front of buildings in the Lujiazui Financial District in Shanghai on Tuesday. The pivot away from China may accelerate as positive catalysts are missing at a time when the U.S. Federal Reserve shifts toward monetary easing.
BUSINESS / Markets
Jan 11, 2024
China is fast losing its place as a must-have in global portfolios
An analysis of filings by 14 U.S. pension funds with investments in Chinese stocks show most of them have reduced their holdings since 2020.
Journalists gather in front of lawmaker Yoshitaka Ikeda's office in Nagoya on Sunday after he was arrested in connection to a political funds scandal.
JAPAN / Politics
Jan 9, 2024
Arrested lawmaker Ikeda allegedly ordered disposal of fundraising data
Tokyo prosecutors suspect that ex-LDP member Yoshitaka Ikeda led the destruction of evidence related to alleged slush funds.
Officials of the Tokyo District Public Prosecutors Office's special investigation squad prepare to search the office of House of Representatives lawmaker Yoshitaka Ikeda in his constituency in Nagoya on Dec. 27.
JAPAN / Crime & Legal
Jan 8, 2024
Storage media from offices of arrested LDP lawmaker were found damaged
Prosecutors believe that Yoshitaka Ikeda or his staff damaged the storage media in an attempt to destroy evidence.
Prime Minister Fumio Kishida faces reporters at the Prime Minister's Office on Sunday.
JAPAN / Politics / FOCUS
Jan 8, 2024
LDP lawmaker arrest further blurs Japan PM's fate
Yoshitaka Ikeda became the first lawmaker arrested in the latest political fundraising scandal involving the LDP's largest faction.
Officials with the Tokyo District Public Prosecutor's Office remove seized items during a raid on the local office of Lower House lawmaker Yoshitaka Ikeda in Nagoya in December.
JAPAN / Crime & Legal
Jan 7, 2024
Prosecutors make first arrest in LDP political funding scandal
Lower House lawmaker Yoshitaka Ikeda, suspected of having taken more than ¥48 million from his faction's slush funds, was arrested in connection with the scandal.
Prime Minister Fumio Kishida and Taro Aso, vice president of the Liberal Democratic Party, shake hands last November.
JAPAN / Politics
Jan 7, 2024
Kishida forced to rely more on 'kingmaker' Taro Aso amid funds scandal
The move underscored how Kishida's political influence is plunging as more LDP lawmakers have begun to doubt his leadership and ability to handle the accusations.
Then-LDP Secretary-General Toshihiro Nikai and then-LDP policy chief Fumio Kishida at the party's headquarters in Tokyo in October 2017.
JAPAN / Politics
Jan 6, 2024
Ex-LDP Secretary-General Nikai questioned over growing funds scandal
The political funds scandal has rocked the government of Prime Minister Fumio Kishida, already struggling amid low public support.
Prime Minister Fumio Kishida in Tokyo on Thursday
JAPAN / Politics
Jan 5, 2024
PM vows to establish rules to boost transparency of LDP factions
Prime Minister Fumio Kishida pledged to establish rules to enhance the transparency of factions within his ruling Liberal Democratic Party.

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