Japan PM Suga to step down by end of September

Japanese Prime Minister Yoshihide Suga in a surprise move on Friday said he will be stepping down as Prime Minister after only one year in the role.

Suga’s decision has come after his approval ratings dropped below 30 percent, likely on his handling of Covid-19, and comes just ahead of the general elections this year. 

The void opens up a new leader of the ruling Liberal Democratic Party (LDP), though there is no clear frontrunner at the moment.

Suga is expected to stay on until his successor is named during a party election on September 29. 

Suga, and the LDP have been a strong proponent of integrated resorts in the country, though his resignation is not expected to have any material impact on the development path for IRs in the country.