Farm minister Shinjiro Koizumi, who would be Japan’s youngest premier in the modern era, and conservative nationalist Sanae Takaichi, who would be its first female leader, are the frontrunners according to opinion polls.
Voting among lawmakers and rank-and-file party members nationwide began with the ballot expected to go to a runoff and conclude around 0630 GMT.
The new LDP president will likely lead the world’s fourth-biggest economy despite the party losing its parliamentary majorities under Ishiba in the past year.
“The LDP is rotting from within, so it’s about time for a reset,“ said Takaichi supporter Osamu Yoshida outside Shimbashi commuter train station in Tokyo.
She has previously criticised the Bank of Japan’s interest rate increases, potentially spooking investors worried about Japan’s massive debt load.
Takaichi has raised the possibility of redoing an investment deal with U.S. President Donald Trump that lowered tariffs in return for Japanese taxpayer-backed investment.
She also favours revising Japan’s pacifist postwar constitution and suggested forming a “quasi-security alliance” with Taiwan.
A runoff between the two top candidates would follow, favouring the contender with stronger parliamentary backing over grassroots support.
If selected, Koizumi would be slightly older than Hirobumi Ito when he became Japan’s first prime minister in 1885 under the prewar constitution.
The winner is expected to hold a press conference around 0900 GMT following the announcement of results. – Reuters
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