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International Business Times UK
International Business Times UK
World
Michael Toledo

Japan PM Shigeru Ishiba Resigns After Crushing Defeat and Gift Scandal Fallout

Japan's Prime Minister Shigeru Ishiba (Credit: Shigeru Ishiba/Instagram)

Japan's Prime Minister Shigeru Ishiba announced today that he will resign, bowing to pressure after crushing election defeats left his ruling Liberal Democratic Party (LDP) fractured and vulnerable.

Speaking to public broadcaster NHK, Ishiba said he would step aside to preserve party unity and avert a deeper political crisis. A formal press conference is expected later in the day.

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