Japan's New Leadership: Ishiba's Cabinet Selections and Monetary Policy Insights

Japan's incoming Prime Minister Shigeru Ishiba is expected to name former Defence Minister Takeshi Iwaya as foreign minister. Ex-PM Yoshihide Suga may become LDP vice president. Ishiba plans to form his government soon, with Katsunobu Kato as finance minister and retaining Yoshimasa Hayashi as chief cabinet secretary.

Japan is set to welcome a new leadership as incoming Prime Minister Shigeru Ishiba prepares to announce his cabinet. Former Defence Minister Takeshi Iwaya is expected to be named foreign minister, sources told Reuters.

Additionally, former Prime Minister Yoshihide Suga is being considered for vice president of the ruling Liberal Democratic Party. Ishiba recently won the LDP leadership and plans to form his government this Tuesday, pending approval from the lower house of parliament.

Katsunobu Kato will take the role of finance minister, according to local media, and Yoshimasa Hayashi will stay on as chief cabinet secretary. Ishiba has hinted at a potential snap election and emphasized the need for a dovish monetary policy to support economic recovery.

(With inputs from agencies.)